IBM Quantum System Two slated for Spain by end of 2025

YORKTOWN HEIGHTS, N.Y. - IBM (NYSE: IBM), a prominent player in the IT Services industry with a market capitalization of $226.7 billion, in partnership with the Basque Government, has announced the installation of Europe’s first IBM Quantum System Two at the IBM-Euskadi Quantum Computational Center in San Sebastian, Spain. According to InvestingPro data, IBM maintains strong market momentum, trading near its 52-week high with a robust financial health score. The project, which aims to complete by the end of 2025, will replace the originally planned IBM Quantum System One with the advanced IBM Quantum System Two, featuring the high-performance 156-qubit IBM Quantum Heron processor.

The IBM Quantum System Two is engineered for utility-scale algorithms that surpass the capabilities of classical simulation methods. It will be managed by IBM and is designed to support multiple processors in the future. The system will leverage Qiskit software to run quantum circuits with up to 5,000 two-qubit gate operations, offering Spain’s quantum community access to IBM’s most advanced quantum technologies.

This initiative is part of the BasQ program, which started in 2023 to establish the Basque Country as a leading technology hub. The installation aims to foster discovery and solutions in various fields including physics, information science, and materials science. It will also contribute to the Basque Government’s IKUR 2030 vision for quantum technologies, focusing on research and sustainability efforts.

Imanol Pradales, President of the Basque Country Government, emphasized the significance of this development for the region’s digital transformation and economic and social advancement. Jay Gambetta, Vice President of IBM Quantum, highlighted the anticipated quantum advantage the center is expected to achieve within the next two years.

The IBM-Euskadi Quantum Computational Center, announced in 2023, is set to enhance the Basque Country’s scientific research capabilities, international collaborations, and quantum-trained workforce. Collaborative workforce programs are also underway to establish a strong talent pool in quantum computing within the Basque Country and across Spain.

IBM, a global leader in hybrid cloud, AI, and business services, continues to support clients worldwide in their digital transformations. Their innovations in AI and quantum computing are aimed at providing flexible and secure solutions to various industries.

The information for this article is based on a press release statement.

In other recent news, IBM has announced plans to acquire DataStax, a prominent AI and data solution provider, to enhance its WatsonX portfolio and accelerate the use of generative AI within enterprises. This acquisition is expected to close in the second quarter of 2025, subject to customary closing conditions and regulatory approvals. In another development, IBM has received clearance from the UK’s Competition and Markets Authority for its $6.4 billion acquisition of HashiCorp, a move aimed at bolstering its cloud infrastructure automation software offerings. This merger is anticipated to be finalized by the end of 2024.

Additionally, IBM has expanded its collaboration with Juniper Networks to integrate Juniper’s Mist AI with IBM’s watsonx, aiming to simplify IT network management and improve user experiences. In a separate initiative, IBM has entered into an agreement with Riyadh Air to implement its AI suite, watsonx, as part of Riyadh Air’s digital-first strategy. This collaboration is intended to enhance the airline’s operations and customer experiences.

IBM has also announced changes to its revenue reporting within its Software and Consulting segments, effective from the first quarter of 2025. These adjustments, filed with the Securities and Exchange Commission, aim to provide a clearer picture of IBM’s operations in relation to market dynamics. The company has made additional information available on its Investor Relations website to assist investors in understanding these updates.

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