Quantum Computing Hits Historic Inflection Point: Moving Beyond "Physics Experiments," Supply Chain and Manufacturing Become Key to Victory

Following its participation in the Quantum World Congress, Jefferies issued a major assessment: the industry's core challenge has shifted from "building good qubits" to "building truly usable computers," with competitive advantages fully migrating from physics innovation to systems engineering and manufacturing barriers. The U.S. government has upgraded from a funding provider to a rule-setter, with federal funding now tied to performance and the NQI Act set to take effect. Whoever can first master manufacturing reproducibility and supply chain resilience will secure a ticket to the commercialization race.