Japan and the UK will sign their first pact on quantum technology on Monday, aiming to set global standards and boost cooperation in a field dominated by the US and China, Nikkei reported Friday.
The deal will include joint research, startup collaboration, and technical exchange between national institutes. It also launches a policy dialogue focused on security and supply chains, according to the report.
The UK ranks second behind the US in private quantum investment, the report said.
Japan committed over 330 billion yen from 2020 to 2024 to advance its quantum sector, with similar pacts already signed with the US and Denmark, according to the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.