Agency / Source: Infineon Technologies AG

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Infineon is Co-founder of the Quantum Technology and Application Consortium - Ten leading German corporations are jointly founding the Quantum Technology and Application Consortium (QUTAC) - QUTAC.de / Infineon.com
Infineon is Co-founder of the Quantum Technology and Application Consortium

 

PRZOOM - /newswire/ - Berlin, Germany, 2021/06/10 - Ten leading German corporations are jointly founding the Quantum Technology and Application Consortium (QUTAC) - QUTAC.de / Infineon.com. FSE: IFX; OTCQX: IFNNY

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The goal of the newly founded consortium is to further develop the existing fundamentals of quantum computing into usable industrial applications. Specifically, applications for the technology, chemical and pharmaceutical, insurance and automotive industries are to be brought to market maturity. This is intended to create the basis for a successful industrialisation of quantum computing in Germany and Europe. At the time of its founding, the consortium includes BASF, BMW Group, Boehringer Ingelheim, Bosch, Infineon, Merck, Munich Re, SAP, Siemens, and Volkswagen.

Foundation stone for a commercially successful quantum computing ecosystem
"In the Stimulus and Future Package, the German Government has given a big boost to the development of Quantum Computers. Working together with companies and start-ups we will identify, develop, trial, and share applications. There are many highly interesting areas, e.g., in logistics, transport, chemicals and the financial sector. So, I am delighted that QUTAC has brought so many leading companies together to help Germany move forward in this key sector", says Peter Altmaier, Federal Minister for Economic Affairs and Energy, emphasising the importance of this alliance.

Anja Karliczek, Federal Minister of Education and Research, also welcomes the establishment of QUTAC: "Germany and Europe must become leaders in quantum technology and then stay at the top. What we want is technological sovereignty. To achieve this, we must rely on our strengths. These are our top researchers with their excellent ideas on the one hand and our strong industry on the other hand. Both must cooperate in an optimal way. Then we will achieve the best results. We are therefore funding companies and cutting-edge research under the quantum technologies framework programme."

The participating companies consider an economically strong and resilient quantum computing ecosystem in Germany and Europe to be crucial to promote successful industrialisation and digital sovereignty in this field. QUTAC's vision is to drive such a quantum computing ecosystem.

Jointly advancing the European quantum technology economy
QUTAC sees itself as a platform for action. The consortium promotes applications for the commercial use of this technology that are needed in the member companies. In doing so, they create industrial demand: The membership includes a broad cross-section of the German economy thus the applications that are identified, developed, and tested within the consortium are trendsetting for entire industries. Through its orientation, QUTAC occupies an important position in the existing landscape of quantum technology-related institutions.

The current circle of ten members allows for a pragmatic exchange and rapid decision-making in order to develop practical solutions in the short and medium term. The results are intended to benefit all participants in the ecosystem. In its position paper, QUTAC sets specific steps: First, the need for quantum computing in the German economy is to be identified in order to create the basis for a cross-industry application portfolio. Currently, possible applications are being identified and their potential for industrial implementation is being evaluated. These reference applications will be jointly implemented and further developed beyond the boundaries of the consortium.

About QUTAC

In the Quantum Technology and Application Consortium (QUTAC) (qutac.de), some of the largest German groups from business and industry have joined forces to raise quantum computing to the level of large-scale industrial application. The founding members of QUTAC include BASF, BMW Group, Boehringer Ingelheim, Bosch, Infineon, Merck, Munich Re, SAP, Siemens, and Volkswagen. Within the framework of various development projects, the members are decisively driving forward the first practical applications in the field of quantum computing in their respective industries and also across sectors. The aim of the consortium is to identify, develop, test, and share applications for quantum computing and to identify funding needs.

QUTAC Press Contact: Tabea Schleweis
T: +49 30 208987033 - E: presse[.]qutac.de.

About Infineon

Infineon Technologies AG (infineon.com) is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. In the 2020 fiscal year (ending September 30), the company reported revenue of more than 8.5 billion euros with a workforce of 46,700 people worldwide. Following the acquisition of the US company Cypress Semiconductor Corporation in April 2020, Infineon is now a global top 10 semiconductor company.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Infineon Technologies AG

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing / Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Infineon is Co-founder of the Quantum Technology and Application Consortium

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
QUTAC | Infineon
Contact: Diana Kaaserer - Infineon.com 
+49 89 234 36571 diana.kaaserer[.]infineon.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Infineon Technologies AG securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing / Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From Infineon Technologies AG / Company Profile


Read Manufacturing / Robotics Most Recent Related Press Releases:

Endress+Hauser and Hahn-Schickard Create Joint Venture
ABB to Acquire ASTI Mobile Robotics Group to Drive Next Generation of Flexible Automation with Autonomous Mobile Robots
Voith Wins Order to Rebuild Golbey PM 1 for Future Production of Packaging Paper
Bruker Launches NMR Honey-Profiling™ Module For The Advanced Detection Of The Ever Evolving Modes Of Honey Adulteration
ABB Sets New Global Standard with Remote Commissioning of Actuators for BGPPL, India
Endress+Hauser Integrates Concentration Measurement Specialist
Yokogawa Launches OpreX Data Model Broker - A Plant Data Transformation Platform
Koehler Paper Sets New Production Speed Record with Voith Paper Machine
ANDRITZ is Supplying Major Pulp Production Technologies and Key Process Equipment for the World’s Largest DP Pulp Mill
BASF and Clayton, Dubilier & Rice to Sell Solenis to Platinum Equity

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  RightITnow, Inc.

Visit  BizJobs.com

Visit  Limelon Advertising, Co.







 
  ©2021 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today