- The Chips JU’s initiative marks a strategic boost for quantum technology in Europe, fostering indigenous innovation and reducing reliance on external suppliers.
- This investment catalyses advancements in critical areas like logistics, pharmaceuticals, cybersecurity, and AI, enhancing Europe’s global competitiveness and technological independence.
OUR TAKE
The Chips JU’s initiative marks a strategic boost for quantum technology in Europe, fostering indigenous innovation and reducing reliance on external suppliers. This investment catalyses advancements in critical areas like logistics, pharmaceuticals, cybersecurity, and AI, enhancing Europe’s global competitiveness and technological independence.
–Vicky Wu, BTW reporter
What happened
The Chips Joint Undertaking (Chips JU) has launched a call for proposals aimed at supporting semiconductor research and innovation, particularly in the domain of quantum technologies.
With an initial EU funding injection of $72 million (€65 million), the call invites projects focused on developing and manufacturing quantum chips for computing and sensing applications. Participating states of the Chips JU are expected to match this investment, contributing to the overall $223 million (€200 million) earmarked for quantum chip innovation over the next three years. The initiative seeks to foster a robust European manufacturing supply chain for quantum technologies, enhancing the continent’s capability in this cutting-edge field. Proposals must be submitted by the deadline of January 21, 2025 at 17:00 CET. Interested entities can access application details through the Funding and Tender Opportunities portal and the official Chips JU website.
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Why it’s important
This Chips JU call represents a significant milestone in advancing quantum technology within Europe, positioning the region at the forefront of global innovation. By investing in quantum chips, the EU aims to tackle real-world challenges such as complex optimisation problems in logistics and supply chain management, accelerate drug discovery through molecular simulations, bolster cybersecurity with advanced encryption methods, and refine artificial intelligence and machine learning algorithms.
The establishment of a European quantum chip manufacturing supply chain is pivotal for reducing dependency on external sources and securing the continent’s place in the evolving landscape of quantum technology. The €200 million investment over three years underscores the EU’s commitment to fostering a competitive, self-sufficient quantum industry, driving technological sovereignty and economic growth. This initiative not only supports scientific breakthroughs but also bolsters Europe’s strategic position in the international race for quantum supremacy.
