IQM opens €20m quantum processor plant in Finland

IQM opens €20m quantum processor plant in Finland

Business news |
By Nick Flaherty

Finland startup IQM Quantum Computers (IQM) has opened a dedicated fabrication facility to design, research, and manufacture its quantum processors.

The €20m fabrication and cryogenic characterization plant is close to its headquarters and quantum labs in Espoo, Finland and marks the company’s largest investment to date.

IQM has started its pilot line and will expand with further fabrication lines in the future. The company provides on-premises quantum computers for supercomputing centres and research laboratories and provides complete access to its hardware. For industrial customers, IQM delivers quantum advantage through a unique, application-specific, co-design approach.

IQM is building Finland’s first commercial 54 qubit quantum computer with VTT, and an IQM-led consortium was awarded a project to commercialize application-specific quantum processors by the German Ministry of Education and Research in February 2021.

The company has raised €71 million from private and public funding and has offices in Espoo, Finland; Munich, Germany; and Bilbao, Spain. The new plant in Espoo will substantially accelerate the company’s quantum processor design cycle and increase its microelectronics fabrication capacity with demand from national quantum programs, high-performance computing centres and industrial customers.

“We continue to see increasing demand for our on-premises quantum computers across Europe and globally. Today, we are announcing our largest-ever investment in production to dramatically increase our quantum processor supply and build quantum computers of the future,” said Dr. Jan Goetz, CEO and co-founder of IQM Quantum Computers.

“This investment in equipment, infrastructure and our workforce increases our fabrication, new material research, 3D integration and product delivery capabilities. Today, we’ve started the first phase of our fabrication facility and we plan to continuously learn, and invest in further expansion.”

The pilot line will be ramped-up over the coming months, and it is expected to reach maximum production capacity during 2022.

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