IQM Makes First Expansion Move; Creates Subsidiary in Germany to Drive Quantum Hardware-Software Co-Design
(GlobeNewsWire) IQM Finland Oy (IQM), has announced an expansion through the establishment of its first subsidiary company, IQM Germany, located in Munich. The company also announced the appointment of renowned quantum computing and quantum technology expert, Prof. Enrique Solano as CEO of IQM Germany. IQM is an emerging hardware leader focused on developing quantum computers based on scalable high-speed superconducting quantum processors. The company was last Friday named as one of the ten most promising startups in Finland by the Finnish financial magazine Talouselämä.
The expansion move intends to harness local quantum expertise to create a co-design hub that tightens the interaction between quantum hardware and quantum software development. The idea is to optimize quantum chips at the earliest development stage to meet gate design, connectivity, gate fidelity, and other technical imperatives for scalable quantum computing. The novel co-design model lets IQM collaborate closely with its current and future software partners throughout Europe to accelerate the development of useful quantum solutions for specialized applications.
Prof. Enrique Solano will lead the Munich operation as CEO of IQM Germany. The Peruvian/Spanish physicist is a renowned international expert in quantum computing, quantum simulation, quantum artificial intelligence, and quantum technologies. He joins IQM from his leading positions in two quantum centers in Bilbao, Spain, and Shanghai, China.
“Munich was the obvious location for the new facility,” said IQM’s CEO, Dr. Jan Goetz. “For Germany and Bavaria, in particular, building a quantum computer is a strategic national priority. That commitment has produced an ecosystem of quantum innovation, with stakeholders from industry, academia and the investor community collectively focused on advancing Europe’s quantum leadership.”