BTQ and ICTK Sign USD 15M Quantum-Secure Chip Development Agreement
BTQ Technologies Corp. and ICTK Co., Ltd. have signed a USD 15 million strategic investment and development agreement to advance global quantum-safe hardware.
The agreement complements Korea's Quantum Defense Strategy and fast-tracks the commercialization of a next-generation quantum-secure element chip (QCIM) for various industries, including Defense, Critical Infrastructure, Internet of Things (IoT) devices, Payments, Mobile Authentication, AI, and Digital Assets.
BTQ Technologies Corp. is a global quantum technology company focused on securing mission-critical networks, while ICTK Co., Ltd. is Korea's leading secure element ("SE") chip manufacturer.
No direct quote available in the given text.
Author's summary: BTQ and ICTK partner to develop quantum-secure chips.
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