Forget the Trade War. China Wants to Win Computing Arms Race

  • Next wave could transform everything from medicine to crops
  • China is racing with U.S. companies for the quantum tech lead

Photographer: Brent Lewin/Bloomberg

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As the U.S. and China threaten to impose tariffs on goods from aluminum to wine, the two nations are waging a separate economic battle that could determine who owns the next wave of computing.

Chinese universities and U.S. technology companies, such as International Business Machines Corp. and Microsoft Corp., are racing to develop quantum computers, a type of processing that’s forecast to be so powerful it can transform how drug-makers, agriculture companies and auto manufacturers discover compounds and materials.