Standard Chartered’s SC Ventures and Fujitsu Launch ‘Project Quanta’ to Accelerate Quantum Innovation in Finance

SC Ventures by Standard Chartered Bank, which builds and invests in breakthrough ventures in and beyond banking, together with Fujitsu, a leading developer of quantum software and hardware, are set to join forces on September 25 to incubate Project Quanta. The project will integrate multiple software and hardware technologies to provide clients a platform to rapidly explore, develop and integrate quantum computing and quantum- inspired applications.

The joint venture will leverage Fujitsu’s expertise in quantum computing R&D and software-and-algorithm development as well as insights gained through the development of its superconducting quantum computer. It will bring this expertise together with SC Ventures’ venture building prowess and deep insights into financial institutions to accelerate the development of quantum use cases, intellectual property, resources and value.

In this platform, in addition to the development environment, it provides pre- built algorithms in areas such as fraud detection, risk simulations, derivative pricing, and credit decision, enabling users to develop their own algorithms. We also provide access to data and backend hardware, allowing users to test their algorithms.

This project will utilize Fujitsu’s quantum computing technology. Fujitsu has been developing quantum computing capabilities through both software and hardware advancements utilizing multiple joint research initiatives. Based on the collaboration with RIKEN, Fujitsu is currently developing a 1,000-qubit superconducting quantum computer, scheduled to begin operation in fiscal 2026.

Looking ahead, the company is also planning the development of a plus-10,000 qubit (250 logical qubit) superconducting quantum computer by fiscal 2030.

Apurv Suri, Client Engagement & Partnerships Lead, SC Ventures, comments: “The current quantum development industry is fragmented with some companies excelling at hardware integration while others are better at quantum algorithm building tools. By joining forces with Fujitsu, we want to unlock quantum resources and talent on one platform for corporates looking to scale their quantum capabilities.”

Staf ford Bond, Head of Growth Investments, Fujitsu Services Limited, comments: "At Fujitsu, we are committed to solving the world’s most complex challenges through innovation and collaboration. Partnering with SC Ventures on Project Quanta represents a bold step toward democratising access to quantum capabilities and realising true quantum advantage. By combining our expertise in quantum technologies and integration with SC Ventures’ deep industry insight and venture building pedigree, we aim to accelerate the practical application of quantum technologies and unlock transformative value for businesses.”

About Fujitsu

Fujitsu’s purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers around the globe, our 113,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: AI, Computing, Networks, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$23 billion) for the fiscal year ended March 31, 2025 and remains the top digital services company in Japan by market share.

India’s Chip Ambitions Scale Up: L&T Semiconductor Buys Fujitsu Power IP for ₹110 Crore

India’s Fabless Chipmaker Accelerates Global Expansion with Japan Deal

In a move that signals India’s rising ambitions in the global semiconductor arena, L&T Semiconductor Technologies (LTSCT) has acquired the power module design assets of Fujitsu General Electronics (FGEL) for ¥2 billion (₹110 crore). The acquisition includes proprietary IP, patents, and R&D infrastructure focused on high-efficiency power electronics—critical for electric vehicles, industrial automation, and energy systems.

The deal, approved by FGEL’s board on June 9, is expected to close by September 23, pending regulatory clearance under Japan’s Foreign Exchange and Foreign Trade Act. LTSCT’s manufacturing partner, Kaynes Semicon Pvt Ltd, will simultaneously take over FGEL’s production facilities, creating a dual-pronged expansion into design and fabrication.

This acquisition marks a pivotal step in India’s journey toward semiconductor self-reliance,” said Sandeep Kumar, CEO of LTSCT and Chair of India’s Semiconductor Product Leadership Forum. “We’re not just buying assets—we’re inheriting decades of design excellence.

Why This Matters: Power Electronics as a Strategic Frontier

• Design patents and IP for high-voltage, high-efficiency modules
• R&D equipment for prototyping and testing
• A foothold in Japan’s advanced semiconductor ecosystem

FGEL, a legacy player in precision electronics, expects to record an extraordinary gain of ¥2 billion in its Q1 FY26 earnings.

Global Strategy: Fabless, Focused, and Expanding

• Targeting $500 million in revenue before considering an IPO
• Exploring entry into China by FY27, with outsourced production
• Investing ₹300 crore in R&D, with over a dozen products in development

This acquisition complements LTSCT’s broader strategy to become a global supplier of industrial and automotive chips, while anchoring India’s position in the semiconductor value chain.

India’s Semiconductor Vision: 100 Design Firms by 2035

As Chair of the Semiconductor Product Leadership Forum, Kumar is spearheading a national initiative to launch 100 new chip design firms by 2035. The goal: transform India from a backend service provider into a global IP powerhouse.

We’re building an ecosystem where design leads, not follows,” Kumar emphasized. “This deal is proof that Indian firms can compete—and win—on the global stage.

What’s Next

• Expand product portfolio across energy, mobility, and industrial sectors
• Deepen global partnerships in Japan, Europe, and the US
• Accelerate India’s transition from chip consumer to chip creator

As the world races to secure semiconductor supply chains, LTSCT’s strategic bet on design-first innovation could be a blueprint for India’s tech future.

AMD and Fujitsu Partner to Create Energy-Efficient Computing Platforms and Accelerate Open-Source AI Initiatives

On November 1, 2024, AMD and Fujitsu announced a strategic partnership to develop more sustainable computing infrastructure aimed at accelerating open-source Al initiatives.

The partnership aims for Sustainable Computing by focusing on creating energy-efficient computing platforms that combine Fujitsu's next-generation Arm-based FUJITSU-MONAKA processors with AMD's Instinct™ accelerators.

Further for accelerating Open-Source Artificial Intelligence (Al), the collaboration aims to advance the development of open-source Al software optimized for these new computing platforms. This will help expand the ecosystem and promote the societal implementation of Al. Engineering, Ecosystems, and Business: The partnership will focus

Additionally, the partnership will focus on three strategic areas – engineering innovative computing platforms, fostering an open-source ecosystem, and expanding business opportunities globally.

Fujitsu and AMD plan to jointly develop these computing platforms by 2027, offering more sustainable options in both hardware and software.

This collaboration is expected to bring together Fujitsu's advanced CPU technology and AMD's GPU technology to create a more sustainable and efficient Al/HPC platform ecosystem.

Fujitsu and AMD will also collaborate on marketing and co-creation with customers to offer these AI computing platforms globally. In addition, to expand AI use cases and promote the societal implementation of AI, based on the computing infrastructure of FUJITSU-MONAKA and AMD Instinct accelerators, both companies will collaborate to build an open and more sustainable AI/HPC platform ecosystem, including a joint customer center.

Through this collaboration, Fujitsu and AMD are bringing their respective world-leading technologies together and will promote open-source AI initiatives by offering more sustainable options in both hardware and software that can be utilized by many companies.