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Israel Allocates $60 Million to Build First Quantum Computer

By IQT News posted 03 Mar 2021

(Bloomberg) Israel is seeking to build its first quantum computer, joining a global race for one of the world’s most important emerging technologies.
The Ministry of Defense and Innovation Authority are taking bids from multinational companies, Israeli businesses and universities for a 198 million-shekel ($60 million) project to build a computer with 30 to 40 qubits, according to Aviv Zeevi, vice president at the Authority’s Technological Infrastructure Division. He expects the winner of the tender to begin work before the end of the year.

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