US blocks export of quantum computing tech to Chinese organizations

Though still technologically immature, quantum computers eventually could crack conventional encryption.

It detailed in theFederal Registerthe Chinese organizations added to itsentities listinvolving export controls.

Another market where quantum computers also have potential is simulating molecular structures that could lead to new materials.

To capitalize on these breakthroughs, many US companies are investing billions of dollars in developing quantum computers.

That includes Google, IBM, Microsoft, Honeywell, IonQ, Rigetti, D-Wave and Intel.