Intel putting $50 million into quantum computing research

US chip colossus Intel will put $50 million and engineering resources into an alliance on quantum computing that could radically advance complex problem-solving.
Intel Corporation plans a 10-year collaboration with Delft University of Technology in the Netherlands and TNO, the Dutch Organization for Applied Research, to make real the kind of quantum computing that could tackle seemingly insurmountable problems.
"A fully functioning quantum computer is at least a dozen years away, but the practical and theoretical research efforts we're announcing today mark an important milestone in the journey to bring it closer to reality," managing director of Intel Labs Mike Mayberry said.