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HOUSTON - Hewlett Packard Enterprise (NYSE:HPE) announced Monday the formation of the Quantum Scaling Alliance (QSA), a consortium of eight technology organizations aiming to develop practical quantum computing solutions integrated with classical systems. The initiative comes as HPE, with a market capitalization of $30.94 billion, continues to demonstrate strong financial momentum with a 40.59% price return over the past six months, according to InvestingPro data.
The alliance, overseen by Dr. Masoud Mohseni from HPE Labs and co-led by 2025 Nobel Laureate John Martinis, brings together organizations with expertise in quantum computing, supercomputing, and semiconductor design.
"For quantum to succeed as a viable long-term computing paradigm, it must scale by integrating with classical supercomputing systems," said Mohseni, who leads the quantum team at HPE.
The consortium includes Applied Materials, Inc., HPE, Qolab, Quantum Machines, Riverlane, Synopsys, University of Wisconsin, and 1QBit. Each organization contributes specialized expertise ranging from qubit design to fault-tolerant quantum error correction.
Martinis, co-founder and CTO at Qolab, stated that quantum computers could transform industries by solving "challenges previously thought insurmountable" in areas including semiconductor manufacturing and sustainable fertilizer production.
The initiative aims to design and develop a cost-effective quantum supercomputer by leveraging existing supercomputing and semiconductor ecosystem expertise. The alliance focuses on scaling quantum computing from demonstrations to industry-scale applications through cross-functional collaboration.
HPE will contribute its capabilities in high-performance computing to build hybrid solutions that integrate quantum capabilities with classical computing systems.
According to the press release statement, this convergence could open new possibilities in drug discovery, materials research, optimization, and secure data processing.
In other recent news, Hewlett Packard Enterprise (HPE) is projected to potentially surpass Wall Street revenue and earnings per share estimates for the January quarter, according to Evercore ISI analysts. The firm has maintained its Outperform rating on HPE, highlighting possible upside to the company's guidance. HPE has previously reaffirmed its fiscal fourth-quarter outlook with revenue expectations between $9.7 billion and $10.1 billion, and earnings per share projected at $0.56 to $0.60. Additionally, HPE's Board of Directors has declared a cash dividend of $0.953125 per share on its Series C Mandatory Convertible Preferred Stock, payable in December 2025.
In another development, HPE has been awarded contracts to deliver supercomputers to both Los Alamos and Oak Ridge National Laboratories as part of significant investments by the U.S. Department of Energy. These supercomputers, named "Mission" and "Vision" for Los Alamos, and "Discovery" and "Lux" for Oak Ridge, will enhance capabilities in artificial intelligence and supercomputing. Furthermore, HPE has expanded its NVIDIA AI portfolio with new private cloud solutions, offering improved price-to-performance for enterprise AI workloads. These initiatives reflect HPE's ongoing commitment to advancing technology infrastructure in various sectors.
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