Guodun Quantum revealed on October 22 that Shanghai Guodun, a wholly-owned subsidiary of the company, plans to sign a sales contract with China Telecom Quantum Group to supply quantum computers for China Telecom Quantum Group's quantum computing project, with an estimated amount of 64.772,700 yuan. China Telecom Quantum Group is the controlling shareholder of the company. At the same time, the company plans to sign 2 procurement service contracts with the Chinese University of Science and Technology. The contract entrusts it with the design and development of superconducting quantum chips, with an estimated amount of 3.5 million yuan; contract 2 entrusts it with the design and development of quantum extreme signal amplifiers, with an estimated amount of 5.4 million yuan.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.