Mentioned:
A publicly traded company in Canada has just struck a new chip manufacturing deal with one of the biggest semiconductor companies in the world. And they’re aiming to build a breakthrough new chip for random number generation.
What’s happening:
- Quantum eMotion (TSXV: QNC) has officially validated the design for their Quantum Random Number Generation chip and will begin manufacturing the chips in partnership with semiconductor giant TSMC (NYSE: TSM)
Why it matters:
- This is the first time ever that Quantum eMotion has moved towards commercial production for their Quantum Random Number Generation chip
Going deeper:
- Quantum eMotion’s Quantum Random Number Generation chip leverages the quantum electron tunnelling technology to generate truly random numbers, which has important implications for cybersecurity and preventing cyberattacks
- Quantum eMotion has publicly stated they plan to pursue chip supply deals with government agencies and large companies in finance, healthcare and even blockchain technology for preventing cyberattacks
