Toshiba Targets $3 Billion Revenue in Quantum Cryptography by 2030
(UK.Investing) Toshiba Corp said on Monday it aims to generate $3 billion (2.3 billion pounds) in revenue from its advanced cryptographic technology for data protection by 2030, as the Japanese sprawling conglomerate develops future growth drivers. It is now focusing on public infrastructure businesses that are resilient to a global economic slump driven by the coronavirus outbreak.
NOTE: Toshiba is Sponsor of IQT Europe’s “Quantum Communications Day” October 29, 2020.
Toshiba is hoping to tap global demand for advanced cryptographic technologies as cyber security has come to the forefront of national defence. China is aggressively expanding network infrastructure for QKD, including quantum satellites that relay quantum signals.
The company said it has teamed up with Verizon Communications Inc (NYSE:VZ) in the United States and BT Group (LON:BT) in Britain in pilot QKD projects, and is in talks with another telecommunications carrier in South Korea.