Caltech and Broadcom announced a multi-year partnership to advance quantum science research and discoveries with the potential to seed new innovative technologies and applications. The partnership, supported with a significant investment from Broadcom, will establish the Broadcom Quantum Laboratory at Caltech, a physical collaboration space that will bring together experts in the fields of quantum computing, quantum sensing, quantum measurement, and quantum engineering. Broadcom’s investment will support joint programming and research to accelerate discovery. Additionally, over the next five years, Broadcom and Caltech have agreed to host an annual symposium where scientists and engineers from both organizations will explore areas of mutual interest and future development opportunities in relevant fields.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AVGO:
- Broadcom (NASDAQ:AVGO) Jumps 10% on Analyst Praise
- Broadcom’s VMware contribution can drive longer-term accretion, says BMO Capital
- Broadcom price target raised to $1,015 from $995 at Truist
- Broadcom price target raised by $160 at Rosenblatt, here’s why
- Broadcom price target raised to $1000 from $900 at TD Cowen