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IonQ Ships Quantum Computer to South Korea as Market Volatility Hits Sector

MarketDash Editorial Team
2 days ago
IonQ finalized a deal to deliver its 100-qubit Tempo system to KISTI, supporting South Korea's National Quantum Computing Center of Excellence despite a broader selloff hitting quantum-related stocks.

IonQ, Inc. (IONQ) is making moves in Asia even as the quantum computing sector hits a rough patch. The company just finalized an agreement to ship one of its 100-qubit Tempo systems to South Korea, where it'll power a new national research center focused on hybrid quantum-classical computing.

The timing is interesting. Shares of quantum computing companies have been trading lower recently, possibly catching fallout from a selloff in space stocks. But IonQ is pushing ahead with its international expansion plans anyway.

How the Partnership Works

IonQ has locked down a deal with the Korea Institute of Science and Technology Information (KISTI). The Tempo 100 system will connect directly with KISTI-6, the institute's high-performance computing cluster. Researchers and commercial users will access everything through a secure private cloud, creating what's essentially a quantum-classical hybrid research platform.

The setup is designed to support both academic research and enterprise projects, giving users the ability to combine traditional computing power with on-site quantum capabilities.

Building South Korea's Quantum Hub

This isn't just another research deployment. The Tempo system will serve as the backbone for South Korea's National Quantum Computing Center of Excellence. For a country investing heavily in computing infrastructure, having domestic quantum hardware marks a significant milestone.

"This is a defining moment for both IonQ and South Korea," said Niccolo de Masi, chairman and CEO of IonQ. He emphasized that the deployment will tackle major research and innovation challenges, with IonQ providing infrastructure, algorithms and expertise to drive quantum adoption forward.

Sik Lee, president of KISTI, pointed to practical applications in healthcare, finance and materials science as areas where the system could deliver real innovation.

Expanding Across Asia-Pacific

IonQ says this project strengthens its growing presence in the Asia-Pacific region. The company has already established partnerships in Japan and Korea, including collaborations with SK Telecom and Hyundai Motor Company. On the academic side, IonQ works with Seoul National University and Sungkyunkwan University.

IONQ shares were trading up 0.06% to $53.74 Tuesday afternoon, bucking the broader weakness in quantum computing stocks.

Back to Stock Market News

IonQ Ships Quantum Computer to South Korea as Market Volatility Hits Sector

MarketDash Editorial Team
2 days ago
IonQ finalized a deal to deliver its 100-qubit Tempo system to KISTI, supporting South Korea's National Quantum Computing Center of Excellence despite a broader selloff hitting quantum-related stocks.

IonQ, Inc. (IONQ) is making moves in Asia even as the quantum computing sector hits a rough patch. The company just finalized an agreement to ship one of its 100-qubit Tempo systems to South Korea, where it'll power a new national research center focused on hybrid quantum-classical computing.

The timing is interesting. Shares of quantum computing companies have been trading lower recently, possibly catching fallout from a selloff in space stocks. But IonQ is pushing ahead with its international expansion plans anyway.

How the Partnership Works

IonQ has locked down a deal with the Korea Institute of Science and Technology Information (KISTI). The Tempo 100 system will connect directly with KISTI-6, the institute's high-performance computing cluster. Researchers and commercial users will access everything through a secure private cloud, creating what's essentially a quantum-classical hybrid research platform.

The setup is designed to support both academic research and enterprise projects, giving users the ability to combine traditional computing power with on-site quantum capabilities.

Building South Korea's Quantum Hub

This isn't just another research deployment. The Tempo system will serve as the backbone for South Korea's National Quantum Computing Center of Excellence. For a country investing heavily in computing infrastructure, having domestic quantum hardware marks a significant milestone.

"This is a defining moment for both IonQ and South Korea," said Niccolo de Masi, chairman and CEO of IonQ. He emphasized that the deployment will tackle major research and innovation challenges, with IonQ providing infrastructure, algorithms and expertise to drive quantum adoption forward.

Sik Lee, president of KISTI, pointed to practical applications in healthcare, finance and materials science as areas where the system could deliver real innovation.

Expanding Across Asia-Pacific

IonQ says this project strengthens its growing presence in the Asia-Pacific region. The company has already established partnerships in Japan and Korea, including collaborations with SK Telecom and Hyundai Motor Company. On the academic side, IonQ works with Seoul National University and Sungkyunkwan University.

IONQ shares were trading up 0.06% to $53.74 Tuesday afternoon, bucking the broader weakness in quantum computing stocks.