DALLAS • Honeywell International Inc threw down the gauntlet to Google LLC and International Business Machines Corp (IBM) in the race to create a new kind of supercomputer, announcing its own breakthrough in the arcane world of quantum mechanics.
“We have a very unique technology that we believe is as good or better than anything that’s out there today,” CEO Darius Adamczyk said on Tuesday. The company pegs the potential market for quantum-computing technology at US$50 billion (RM208.5 billion).
Ten years of quiet work lies behind the bold statement from Adamczyk, who leads a company better known for its aircraft engines than computing.
The CEO, who has a master’s degree in computer engineering, as well as business administration, is so enthusiastic about the news that he’s taking personal ownership of the project.
“That one is actually mine,” he told analysts gathered for an investor conference.
“Based on all the research that I’ve been doing and all the time I’ve been spending on this, we have something here.
“And it creates a great option value for Honeywell because when it takes off, it’s really going to change the vector of who we are.”
Honeywell joins other technology companies, including Microsoft Corp, Google parent Alphabet Inc and IBM in the quest to harness the power of a new kind of multitasking computer bit dubbed a qubit.
Honeywell’s quantum project is far enough advanced that Adamczyk said he expects it to generate revenue “late this year or next year”. — Bloomberg