Core Insights - Quantum technology is prioritized in China's "14th Five-Year Plan," with significant emphasis on its development across various regions, including Shanghai and Anhui [1] - The A-share market has seen a resurgence in the quantum technology sector, with companies like Guandun Quantum and Keda Guokai gaining investor interest due to their strategic positioning in quantum technology [1] - Quantum computing is identified as the most promising area within quantum technology, transitioning from laboratory research to industrial application [1] Investment Trends - Capital is shifting from speculative investments to focused investments in the quantum technology supply chain, recognizing the importance of system capabilities in the competitive landscape [4] - The market potential for quantum computing is a primary driver for investment, with BCG predicting a profit of $850 billion by 2040 across key industries [4] - Investment in quantum technology is rapidly increasing, with a projected growth from $1.3 billion in 2023 to $2 billion in 2024, marking a 50% increase [4] Key Components of Quantum Computing - The "Three Hard and Three Soft" framework outlines six core components essential for the development of quantum computing: quantum chip systems, measurement and control systems, environmental support systems, quantum operating systems, quantum computing cloud platforms, and quantum application software [6][7][8] - Quantum chips are considered the "brain" of quantum computers, with significant investment potential in core materials and manufacturing processes [6] - Measurement and control systems are crucial for the stability of quantum computing, presenting extensive investment opportunities in core components and system integration [7] Ecosystem Development - The environmental support system is vital for the operation of quantum computers, with a focus on scaling production and operational capabilities of key equipment [8] - Quantum operating systems and software are essential for creating a robust ecosystem, with domestic systems like "Benyuan Sinan" being developed to integrate seamlessly with classical computing systems [8] - Investment in quantum cloud platforms is directed towards enhancing hybrid computing capabilities and integrating industry-specific applications [8] Long-term Strategic Value - The competition in quantum computing is fundamentally about the capabilities of the entire supply chain, with a focus on achieving self-sufficiency [9] - The next five years are critical for transitioning quantum computing technology from prototypes to market applications, with entities achieving full supply chain control likely to lead in global competition [9] - Recognizing the long-term value of quantum computing investments aligns with national strategic technology goals, as highlighted by industry leaders [10]