IonQ Building First Quantum Computing manufacturing facility In U.S.

Milestones for an industry.

Hey Everyone,

In the public markets there are few Quantum computing pure-play stocks that won’t go insolvent. One that might survive is IonQ. The stock is at $11, with a supposed market cap of 2.28 billion.

Almost two weeks ago Senator Maria Cantwell (D-Wash.) cut the ribbon on new facility alongside IonQ leaders, and it’s an important milestone for the Quantum computing industry.

Basically, IonQ plans to manufacture quantum computers at a 65,000-square-foot facility in Bothell, Wash. More or less the first of its kind.

The story is one of grounded momentum for an industry that needs a spark. Maryland-based IonQ says it’s opening a 65,000-square-foot research and manufacturing facility in Bothell, Wash., to build quantum computers. The opening is part of IonQ’s broader plan to invest $1 billion in the Pacific Northwest over the next 10 years, the company says.

More recently IonQ has said it has generated photons entangled with ions repeatedly and reproducibly, creating a quantum state which allows future quantum systems to communicate and transfer information between each other.

This achievement according to the company, marks the first known commercial demonstration of ion-photon entanglement outside of academic environments. This major step towards quantum networking and photonic interconnects will play an integral part in helping IonQ deliver significantly higher computational power in next-generation systems.