00:00What does having a US-based chip foundry add to the speed of your own?
00:05technology?
00:06It 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...
00:20...in 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 cubic...
00:35...chip and we're moving full fault-tolerant chips forward into...
00:40...in August 20, 28, where we'll have them ready for scale-up by the...
00:45...at the end of the year.
00:46What's exciting also is this is a big bet for us on what's...
00:50...called the merchant supplier play in the quantum industry.
00:53So INQ already sells...
00:55...or atomic clocks to a number of quantum computing companies in the US.
01:00This is going to expand our ability to supply the quantum industry.
01:04Our photonic...
01:05...interconnect quantum networking business is also built...
01:07...to cater for multiple quantum computers.
01:10...including paths and modalities.
01:13And last but not least, of course, it's a big...
01:15...spread bet on the US semiconductor manufacturing...
01:18...you know, tailwind.
01:20...that I think is already being experienced for critical industries...
01:23...as we rethink through...
01:25...supply chains, security...
01:27...and the importance of keeping everything domestic.
01:30Yeah.
01:31...to ensure security.
01:32Well, does that help build and...
01:35...leverage the...
01:36...relationships you already have with the US government, for example?
01:39Is that an...
01:40...an area that you think is going to drive growth?
01:42Oh, for sure the US government...
01:45...is a very important partner in the Department of War...
01:47...of course, is very important.
01:49...
01:50...
01:50...Skywater obviously does a lot of work...
01:52...not only for the quantum industry as a whole...
01:54...where I...
01:55...I would argue...
01:56...they are far and away...
01:57...the...
01:58...the leading, if not only, quantum...
02:00...confoundry...
02:01...but Scarborough also does work...
02:02...more broadly...
02:03...in classified programs...
02:04Right.
02:05...as does...
02:05...I and Q.
02:06...and so there's plenty of synergies...
02:08...on that vector...
02:10...alone...
02:11...we look forward to doing more...
02:12...for our nation's government...
02:14...classified...
02:15...and not...
02:16...we look forward to doing more...
02:17...for our nation's Fortune 500 companies.
02:20...and this is a relationship...
02:21...really excited about...
02:22...because it...
02:23...increases the velocity...
02:25...and the frequency...
02:26...with which we can...
02:27...spin wafers...
02:28...across all...
02:30...of our product...
02:31...generations...
02:32...which means the further out...
02:33...we're talking...
02:34...the more room...
02:35...there is to move things...
02:36...forward...
02:37...and you're seeing us...
02:38...continue to spend money...
02:40...to move things to the left...
02:41...on our roadmap...
02:42...and win this...
02:43...geopolitical...
02:44...space race...
02:45...of our era...
02:46...Nicola...
02:47...continuing to spend money...
02:48...there's a lot of emphasis...
02:49...that this is...
02:50...with US-only...
02:52...operations...
02:53...do you look at...
02:54...Europe...
02:55...and...
02:55...in other jurisdictions...
02:56...and give yourself...
02:57...backing to go out...
02:58...and do another deal...
02:59...if you need...
03:00...to have a similar footprint...
03:01...and presence...
03:02...in a different market...
03:03...or geography...
03:05...well Skywater...
03:06...has a tremendous...
03:07...amount of...
03:08...upside...
03:09...capacity...
03:10...that we can tap into here...
03:11...not just on the design...
03:12...engineering side...
03:13...but on...
03:14...actual manufacturing...
03:15...so...
03:16...we did this deal...
03:17...because we believe...
03:18...that manufacturability...
03:19...is paramount...
03:20...our ambition...
03:22...as I think you both know...
03:23...is to be...
03:24...both the NVIDIA...
03:25...and the...
03:25...or Cisco...
03:26...if you will...
03:27...of the quantum computing...
03:28...and quantum networking...
03:29...and security space...
03:30...and so...
03:30...our full quantum...
03:31...platform...
03:32...networking...
03:33...sensing...
03:34...security...
03:35...and computing...
03:36...all...
03:35...all has...
03:36...foundry requirements...
03:37...all has...
03:38...semiconductor...
03:39...manufacturing...
03:40...requirements...
03:41...what...
03:40...this deal does...
03:41...is it...
03:42...improves certainty...
03:43...brings forward...
03:44...the roadmap...
03:45...and of course...
03:45...make sure that we have...
03:46...industry leading costs...
03:47...so...
03:48...I think this is gonna be...
03:49...enough capacity...
03:50...for...
03:50...global production...
03:51...Skywater...
03:52...focuses...
03:53...on...
03:54...high security...
03:55...unclassified...
03:56...program work...
03:57...and US government work...
03:58...and that's usually a standard...
03:59...that's accepted...
04:00...very internationally...
04:01...for...
04:02...the Five Eyes...
04:03...NATO...
04:04...and our allies...
04:05...Niclo...
04:06...in the global...
04:07...quantum race...
04:08...how do you stack...
04:09...the US...
04:10...as a...
04:10...leader in field...
04:11...against the prospects...
04:12...of Europe...
04:13...and what you see...
04:14...being worked on...
04:15...in Asia...
04:15......?
04:17Well I...
04:18...I...
04:18...fancy...
04:19...I NQ's...
04:20...chances...
04:20You know, most and first of all, I think that beyond INQ, there's a very vibrant.
04:25Ecosystem in the US and of course there is in Europe, the geopolitical race is.
04:30I think very much between the US and our allies and what's going on.
04:35In China, to be honest, and this is of course of paramount strategic importance.
04:40Not just on the computing side, but also on the quantum security side.
04:45These are all solutions that INQ provides.
04:47We're the only quantum platform company.
04:50In history, as you both know, we already have a strong foothold in Oxford.
04:55England, Geneva, Switzerland and Seoul, Korea with our offices that continue to.
05:00To expand, 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.
05:14And I'm interested.
05:15I'm interested in how the relationships, though, going back to Skywater are going to continue because they also serve.
05:20Other quantum competitors of yours, will they continue to do so?
05:24Absolutely.
05:25We are steadfastly dedicated to ensure that the quantum industry prevails.
05:30We respect everyone's pathways to market at the same time.
05:35As I mentioned a couple of minutes ago, INQ already is a merchant supplier on her 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.
05:50Keepening and broadening that with, of course, their chips business.
05:53So rest assured, we see that.
05:55This very much is a bet on US quantum, our allies quantum.
06:00The quantum industry's supply chain needs doing those fulfilling those securely.
06:04And it's.
06:05And at the same time, in a walled off manner, INQs.
06:09And at the same time, in a walled off manner, INQs.
06:10Our own roadmap, of course, will also be accelerated and a supply chain domestically.
06:15assured.
06:16Nicolo, very quickly.
06:18You said that this brings.
06:20Things forward by a year.
06:21There are people that just aren't familiar with quantum computing.
06:25How real is this going to be in the real world?
06:27And when?
06:28How real is this going to be in the real world?
06:29And when?
06:30Well, we've been saying since we completed the acquisition of Oxford Ionics that full fall.
06:35All 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.
06:46And so I think you're going to see, you know, in the next three years.
06:50Everything that we have promised on our roadmap come good and hope.
06:55Hopefully then some.
06:56The reason why this is so exciting for us is that with Skywater.
07:00We can make quantum computing a mass market reality.
07:03And we can do that at a.
07:05The price point that's accessible, not just for governments, but also for 500 companies.
07:10And that's very much our goal to build the winning quantum ecosystem across all.
07:15All solutions and product family offerings that INQ have.
07:18Right.
07:19Security sensing, networking and.
07:20Click computing.
07:21Introducing
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