Microsoft said its new quantum chip leverages the world’s first topoconductor — a completely new class of materials.

Its Majorana 1 chip, made of a new material, can perform high-level computing tasks with greater speed and accuracy, Microsoft says.

Majorana 1 relies on ‘topological superconductivity,’ a never-before-seen theoretical form of matter.

Developing the Majorana 1 took over 20 years of research, combining materials science, quantum physics, and semiconductor engineering.

Microsoft, Amazon, and Google each announced new prototypes of quantum computing chips, but scientists say that the field is still evolving.

A Microsoft research team claims to have built “the world’s first quantum processor powered by topological qubits,” and that it is on track to build a prototype of a scalable quantum computer “in years,

Google's parent company, announced its new quantum computing chip. This started a frenzy of trading in pure-play quantum computing stocks like Rigetti Computing (NASDAQ: RGTI) and D-Wave (NYSE: QBTS).

For companies struggling with high cloud costs, talent shortages, and data integration problems, a groundbreaking quantum processor isn’t the answer.

Quantum computing remains industry of high potential and rapid evolution, igniting investor interest with its promise to revolutionize computational speed. The quantum race is heating up after Microsoft (MSFT) introduced its Majorana 1 chip,