IBM Acquires HRL Laboratories to Expand Quantum Computing Strategy
Synopsis
IBM is buying HRL Laboratories, jointly owned by Boeing and General Motors, to strengthen its quantum computing portfolio with a second technology as the race for practical quantum computers intensifies.
Key Highlights
- IBM to acquire Boeing and General Motors’ owned HRL Laboratories..
- The acquisition adds a second quantum computing technology to IBM’s portfolio.
- Boeing and GM will continue working with IBM on quantum technologies.
IBM has agreed to buy the private quantum computing research lab HRL Laboratories, which is jointly owned by Boeing and General Motors, as part of an ongoing decision to expand its quantum computing strategy. No financial terms were offered regarding the deal.
Second Quantum Technology
The acquisition provides a second approach for IBM in quantum computing efforts. IBM has concentrated on superconducting quantum circuits and HRL develops electron spin qubits that can be fabricated as significantly smaller than superconducting circuits.
Future Quantum Plans
Following the acquisition, IBM said that Boeing and General Motors will remain a Quantum technology partner for the company.
IBM Research Director Jay Gambetta noted that the future of quantum computing could include everything from electron spins to superconductors or a combination of both. He said HRL’s team will begin making chips at IBM’s New York facility, while IBM plans to make its spin-based quantum technology available in near future.
Source: Reuters
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