Practical quantum computers are over a decade away, says NEC

Japan's NEC has scrapped plans to build a commercial quantum computer, estimating that practical application of the technology is at least ten years away and monetization is difficult. NEC will continue research in quantum technologies.

• NEC believes a practical quantum computer is at least 10 years away
• Company abandoned development due to monetization difficulties
• Japan plans to invest 10 trillion yen ($65.3B) in quantum computing by 2040
• NEC lags behind Fujitsu and Hitachi in quantum development