chip computing — chip computing — Cyprus is making significant strides in chip and quantum computing, thanks to a breakthrough from Phystech Technologies. A recent meeting between Chief Scientist Demetris Skourides and Phystech’s founder and CEO Yuri Komarov, alongside head of operations Maria Ocheretina, highlighted the company’s advancements in high-performance computing.
- “We have work to do. We must accelerate our efforts to support these initiatives,” Skourides concluded, underscoring the urgency of fostering a robust technological landscape in Cyprus.
Phystech, based in Cyprus, is a research and development firm specialising in IP cores and blocks for microprocessors and microcontrollers. Their engineering team has successfully developed a digital technology that generates cryptographically secure and statistically perfect true random numbers at remarkable speeds.
Their inaugural commercial product, an advanced true random number generator (TRNG), has wide-ranging applications across various sectors including supercomputing, banking, cybersecurity, telecommunications, and the Internet of Things (IoT). This innovation paves the way for new research and design opportunities in high-performance computing and Edge AI, while simultaneously promising the creation of skilled jobs in Cyprus.
This TRNG solution comprises several IP cores, including a Random Number Conditioner, with each component under separate patent applications that Phystech intends to establish within Cyprus. As the company grows, it plans to recruit engineers in R&D and quantum computing, primarily on the island, in preparation for its upcoming quantum computing systems project.
Phystech aims to penetrate global markets, targeting major data firms like Google, Amazon, Microsoft, and Apple. The company is currently in early discussions with renowned chip manufacturers, such as Intel, AMD, Nvidia, and Cambridge’s ARM Laboratories, in addition to telecom leaders like Broadcom, Qualcomm, NCR, Mediatek, and Samsung.
Skourides expressed enthusiasm about these developments, calling it “an exciting step for the Cypriot R&I ecosystem.” He noted that if Phystech can successfully deliver its breakthrough technologies, Cyprus stands a chance to cultivate a burgeoning chip cluster.
Although still in its infancy, Skourides highlighted the potential of pioneering firms like Phystech, Tenstorrent, and SignalGenerix, alongside institutions such as the University of Cyprus, the Chip Competency Centre, and the Cyprus University of Technology. Together, they could generate over $1 billion in revenue by 2035 and create numerous high-tech jobs.
“We have work to do. We must accelerate our efforts to support these initiatives,” Skourides concluded, underscoring the urgency of fostering a robust technological landscape in Cyprus.
