Mentioned:
One of the most important university research facilities for quantum computing is doubling down on their commitment to innovation. And they are partnering up with IonQ to do it.
What’s happening:
- Quantum computing company IonQ (NYSE: IONQ) and the University of Maryland are expanding their partnership focused on providing access to leading edge quantum computing technology at the National Quantum Lab at Maryland
Why it matters:
- The University of Maryland has become a leader in quantum computing research in the United States of America, with one of the most prestigious academic facilities focused on bringing together scientists, engineers and students
By the numbers:
- The University of Maryland has committed $9M USD in new funding to expanding the National Quantum Lab at Maryland
Going deeper:
- North American universities have been starting to make meaningful commitments to quantum computing, with Montana State University previously buying new quantum computers for research purposes from Australian based startup Orca
- IonQ previously launched the first ever manufacturing facility solely focused on quantum computing in the United States of America that is capable of producing quantum computers that can be immediately deployed in data centres
- IonQ has established multiple notable partnerships focused on developing breakthroughs in new quantum computing applications, including with the United States Naval Research Laboratory, Airbus, Hyundai and Amazon (NASDAQ: AMZN)
The intrigue:
- Aerospace and defense giant Lockheed Martin (NYSE: LMT) previously led IonQ’s Series B financing round prior to the company ever going public
