A merger between UK company听Cambridge Quantum Computing and听Honeywell Quantum Solutions听in the US听is to create the听world鈥檚 leading听quantum computing company.听
CQ听is听a global leader in quantum software and algorithms听while听HQS,听a Honeywell business unit,听is the听maker of听the highest-performing quantum computer currently available.听听
Honeywell has been an听investor in and commercial partner with Cambridge Quantum since 2019.听
The new company, which will be formally named in due course, will have a long-term听agreement with Honeywell to help manufacture the critical ion traps needed to power听the quantum hardware. Honeywell will invest around 拢200m in the new company.听听
The听new company听is听well-positioned to lead听the quantum computing industry by offering advanced, fully integrated hardware and听software solutions at an unprecedented pace, scale and level of performance to large听high-growth markets worldwide.听
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The new company鈥檚 combined expertise will deliver solutions to customers globally听as well as spur advances that will accelerate the adoption and impact of quantum听technology worldwide.听听
鈥淛oining together into an exciting newly combined enterprise, HQS and CQ will听become a global powerhouse that will create and commercialize quantum solutions听that address some of humanity鈥檚 greatest challenges, while driving the development of听what will become a $1 trillion industry,鈥� said Ilyas Khan, founder of CQ.听听
鈥淚 am excited听to lead a company that has the best people and technologies in the quantum computing听industry and the best and boldest clients. Together we will lead the industry as it grows听and matures, and create tangible, credible, provable and science-led advances.鈥�听
Honeywell鈥檚 Chairman and CEO Darius Adamczyk noted:听鈥淭he new company will听have the best talent in the industry, the world鈥檚 highest performing quantum computer,听the first and most advanced quantum operating system, and comprehensive,听hardware-agnostic听software that will drive the future of the quantum computing industry.听听
鈥淭he听new company will be extremely well positioned to create value in the near-term within听the quantum computing industry by offering the critical global infrastructure needed to听support the sector鈥檚 explosive growth.鈥�听