Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Quantum Contractors Wary of Global Activity Curbs to Foil China

Dec. 7, 2022, 10:39 AM

The race to keep up with China’s cyber capabilities is spawning concern from quantum technology contractors that export controls will hamper their work.

The US defense and national security arenas will need help from vendors to get encryption that can hold up against advanced hacking threats. Unclassified federal contract spending in the cryptography market amounted to more than $630 million in fiscal 2022, according to Bloomberg Government data, primarily from the Pentagon.

Companies competing for money coming out of federal agencies are keeping an eye on whether the government’s strategy for quantum supremacy will include a crackdown on technology exports ...