SANTA CLARA, Calif. - In a significant step towards the mass production of silicon-based quantum processors, Intel has reported the achievement of high uniformity and fidelity in single-electron spin qubits. The findings, published in the scientific journal Nature, reveal a breakthrough in the control of qubits, a fundamental component for building fault-tolerant quantum computers.
The research paper, titled "Probing single electrons across 300-mm spin qubit wafers," demonstrates the company's success in creating spin qubits with 99.9% gate fidelity, which is the highest reported for qubits produced using all-CMOS-industry manufacturing techniques. This high level of control fidelity is crucial for the functionality of quantum computers.
Intel's quantum hardware researchers utilized a 300-millimeter cryogenic probing process, which is compatible with complementary metal oxide semiconductor (CMOS) manufacturing methods, to collect extensive data on the performance of spin qubit devices across entire wafers. This process is part of Intel's efforts to scale up the production of quantum computing components.
The small size of spin qubits, approximately 100 nanometers across, allows for a denser configuration compared to other types of qubits, such as superconducting qubits. This density potentially enables the construction of more complex quantum computers on a single chip of the same size. Intel's use of extreme ultraviolet (EUV) lithography in the fabrication process has been integral to achieving these precise dimensions while maintaining the capability for high-volume production.
Intel's advancements in silicon spin qubits leverage the company's extensive experience in transistor manufacturing. The approach aims to produce qubits that are similar to transistors, utilizing Intel's advanced 300-millimeter CMOS manufacturing techniques, which are already used to produce billions of transistors per chip.
Looking ahead, Intel plans to further develop its techniques to add more interconnect layers and fabricate 2D arrays with an increased count and connectivity of qubits. The company's main focus remains on scaling quantum devices and enhancing performance for the next generation of quantum chips.
The press release statement indicates that Intel is at the forefront of quantum computing technology, striving to meet the challenges of creating reliable and uniform quantum processors.
InvestingPro Insights
Intel Corporation (NASDAQ: NASDAQ:INTC) has been making notable strides in the quantum computing arena as evidenced by their recent breakthrough in qubit control fidelity. This technological advancement is a strong indicator of the company's commitment to innovation in the semiconductor industry. The significance of this development is further underscored by a selection of key metrics and insights from InvestingPro:
Despite a challenging market environment, Intel's market capitalization remains robust at $128.17 billion, reflecting the company's scale and market presence. The adjusted P/E ratio, standing at 30.56, suggests that while the company is facing valuation pressures, it is still trading at a level that takes into account its near-term earnings growth. This is supported by an exceptionally low PEG ratio of 0.13 over the last twelve months as of Q1 2024, pointing towards potential undervaluation relative to its earnings growth rate.
Intel's revenue for the last twelve months as of Q1 2024 is reported at $55.24 billion, with a gross profit margin of 41.49%. This indicates a strong ability to maintain profitability despite a slight dip in revenue growth by -2.09% during the same period. However, the company has shown a quarterly revenue growth of 8.61% in Q1 2024, which may signal a positive turnaround in sales performance.
From an investment perspective, two InvestingPro Tips that stand out are:
- Intel is expected to see net income growth this year, hinting at improving financial health and potential upside for investors.
- The stock is currently in oversold territory according to the Relative Strength Index (RSI), which could indicate a buying opportunity for those looking to capitalize on the recent price declines.
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