Italian court suspends €47m quantum computing contract with IBM following tender process appeal
Unsuccessful bidder Tea Tek claims procedural process was unfair
Unsuccessful bidder Tea Tek claims procedural process was unfair
System would allow companies to process up to 330 wafers an hour, up from 220 at present
Funding round included participation from BlackRock, European Investment Council Fund, and Samsung Catalyst Fund
Deal values the quantum computing company at $1.8 billion
A second IQM system of 150 qubits will be installed by the end of 2026
Company says its approach is more precise than conventional methods
Latest funding round saw company valued at $1bn
Facility was jointly funded by EU, national governments, and EUV equipment manufacturer ASML
Expansion will see the company create a new hardware engineering facility in Bristol
Will form the basis of ‘Germany Stack’ to support country’s sovereign AI efforts
Comes as acquisition of subsidiary by French government nears completion
Installation expected to take place in the first half of 2026
Company posted net sales of €32.7 billion for the year
Dawn supercomputer at University of Cambridge will be upgraded with AMD MI355X GPUs
Mikko Välimäki who led the company alongside Goetz will leave at the end of March
Funding will be used to commercialize technology and support US expansion
Bechtle will provide operational support and system maintenance for the first three years
Funding round was led by Ireland Strategic Investment Fund, with participation from European Innovation Council Fund and TNO Ventures, among others
BullSequana XH3500-based system expected to go live in Q4 2026
System will comprise 128 Nvidia Blackwell GPUs
Third 70+ qubit system reportedly demonstrated in Russia
The systems will be deployed by June 2026
Company has also expanded its partnership with QuantumBasel in Europe
System will be managed by Vrije Universiteit Brussels for the next six years