00:00What does having a US-based chip foundry add to the speed of your own?
00:05It actually does three exciting things for INQ.
00:09The first...
00:10The first is that it accelerates our entire roadmap.
00:13So we talked this morning on...
00:15On a public webinar, sort of earnings call style, about the fact that it's going to bring...
00:20in the cycles of R&D design and packaging iteration we do.
00:25To build our quantum computing chips and hence our full fault-tolerant machines.
00:30Quite considerably.
00:31We're moving things in by about a year on our 2 million cubits.
00:35And we're moving full fault-tolerant chips forward into...
00:40We'll have them ready for scale-up by the...
00:45At the end of the year.
00:46What's exciting also is this is a big bet for us on what's...
00:50called the merchant supplier play in the quantum industry.
00:53So INQ already sells...
00:55Atomic clocks to a number of quantum computing companies in the US.
01:00So...
01:00This is going to expand our ability to supply the quantum industry, our photonic...
01:05Interconnect quantum networking business is also built to cater for multiple quantum computers...
01:10including paths and modalities.
01:12And last but not least, of course, it's a big...
01:15Spread bet on the US Semiconductor Manufacturing Tailwind.
01:20That's what I think is already being experienced for critical industries.
01:23As we rethink through...
01:25Supply chains, security, and the importance of keeping everything domestic.
01:30Yeah.
01:31To ensure security.
01:32Does that help build and...
01:35Leverage the...
01:36The relationships you already have with the US government, for example.
01:39Is that an...
01:40Area that you think is going to drive growth?
01:42Oh, for sure the US government...
01:45I think it's a very important partner in the Department of War, of course, is very important.
01:50Skywater obviously does a lot of work, not only for the quantum industry as a whole...
01:55I would argue they are far and away the leading, if not only quantum...
02:00But Skywater also does work more broadly in classified programs...
02:05Right.
02:05Skywater does INQ.
02:06And so there's plenty of synergies on that vector.
02:10We look forward to doing more for our nation's government...
02:14Classified...
02:15Classified...
02:16And not.
02:17We look forward to doing more for our nation's Fortune 500 companies.
02:20And this is a relationship we're really excited about because it increases the velocity...
02:25And the frequency with which we can spin wafers across all...
02:30All of our product generations, which means the further out we're talking, the more room...
02:35There is to move things forward.
02:37And you're seeing us continue to spend money...
02:40To move things to the left on our roadmap...
02:42Right.
02:43And win this geopolitical space race...
02:45In the case of our era...
02:46Nicola, continuing to spend money, there's a lot of emphasis that this is...
02:50Skywater...
02:51With US-only operations...
02:53Do you look at Europe and...
02:55Other jurisdictions and give yourself backing to go out and do another deal...
02:59If you need...
03:00To have a similar footprint and presence in a different market or geography...
03:05Well, Skywater has a tremendous amount of upside capacity...
03:10That we can tap into here...
03:11Not just on the design engineering side...
03:13But on actual manufacturing...
03:15So we did this deal because we believe that manufacturability is paramount...
03:20Our ambition, as I think you both know, is to be both the NVIDIA and the...
03:25Cisco, if you will, of the quantum computing...
03:27And quantum networking and security space.
03:29And so...
03:30Our full quantum platform...
03:32Networking, sensing, security, and computing...
03:34All...
03:35All has...
03:36Foundry requirements...
03:37All has...
03:38Semiconductor manufacturing requirements...
03:40What...
03:40deal does is it improves certainty brings forward the road map uh and of course
03:45make sure that we have industry-leading costs so i think this is going to be enough capacity for
03:50global production um skywater focuses on high security uh
03:55classified program work and u.s government work and that's usually a standard that's accepted
04:00uh very internationally for the five eyes nato and our allies
04:05nicolo in in the global quantum race how do you stack the u.s as a
04:10leader in field against the prospects of europe and what you see being worked on in a
04:15well i i fancy ianq's chances
04:20you know most and first of all um i think that beyond ianq there's a very vibrant
04:25ecosystem in the u.s and of course there is in europe the geopolitical race
04:30is i think very much between the u.s and our allies uh and what's going on
04:35in china to be honest um and this is of course of paramount strategic importance
04:40not just on the computing side but also on the quantum security side
04:45and these are all solutions that ianq provides we're the only quantum platform company
04:59you
04:50uh in history uh and as you both know we already have a strong foothold
04:53uh in oxford
04:55england geneva switzerland and seoul korea uh with our offices that continue to
05:00expand to ensure that we're able to not just deliver those solutions but deliver them in the right
05:05global and local way across government and commercial needs in every one of our allies
05:10well that was the other big deal that you did oxford ionics quantum chip technology that you purchased
05:13and i'm interested
05:15in how the relationships though going back to skywater are going to continue because they also serve
05:20other quantum competitors of other quantum competitors of yours will they continue to do so
05:23absolutely
05:25we are we are steadfastly dedicated to ensure that the quantum industry prevails
05:30we respect everyone's pathways to market um at the same time
05:35as i mentioned a couple minutes ago in q already is a merchant supplier on our own
05:40we supply atomic clocks and photonic interconnects to the industry and networking equipment
05:44and so
05:45skywater will be will be taking our existing merchant supplying business and accentuating
05:50and deepening and broadening that with of course their chips business um so rest assured we see this
05:55very much as a bet
05:55very much as a bet on uh us quantum our allies quantum
06:00the quantum industry's supply chain needs doing those fulfilling those securely and it's
06:05and at the same time in a walled off manner uh in q's
06:17you
06:10your own roadmap of course will also be accelerated and a supply chain domestically
06:24you
06:15and it's
06:16and this is
06:17and it's
06:18and match
06:20things forward by a year. There are people that just aren't familiar with quantum computing.
06:25How real is this going to be in the real world and when?
06:30Well, we've been saying since we completed the acquisition of Oxford Ionics that full fall.
06:35Alt-tolerant gate model quantum computing is going to happen by the end of this administration.
06:40This transaction obviously accentuates that, underwrites that.
06:45And assures that. And so I think you're going to see in the next three years.
06:50Everything that we have promised on our roadmap come good and hope.
06:55Hopefully then some. The reason why this is so exciting for us is that with Skywater.
07:00We can make quantum computing a mass market reality and we can do that at a.
07:05Price point that's accessible, not just for governments, but also Fortune 500 companies.
07:10And that's very much our goal to build the winning quantum ecosystem across all.
07:15solutions and product family offerings that INQ have security sensing, networking and.
07:20computing.
07:21computing.
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