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Investing.com -- IonQ (NYSE:IONQ) stock rose 3.5% after the quantum computing company announced it has become a founding member of Q-Alliance, a new initiative to establish a quantum computing hub in Lombardy, Italy.
The partnership aligns with Italy’s National Strategy for Quantum Technologies and brings together public and private partners to build a quantum ecosystem. The initiative was launched at the ComoLake2025 Digital Innovation Forum.
As part of Q-Alliance, IonQ will contribute its expertise in gate-based, universal quantum computing along with capabilities in quantum networking, security, and sensing. The alliance aims to provide infrastructure supporting research, entrepreneurship, and quantum applications across sectors including pharmaceuticals, materials science, logistics, and financial services.
"IonQ enables a fantastic opportunity for Italy to lead a ’Quantum Renaissance’ with the potential to transform not only the country but the EU," said Niccolo de Masi, Chairman and CEO of IonQ.
The formation of Q-Alliance follows Italy’s announcement of its National Strategy for Quantum Technologies, which focuses on strengthening quantum infrastructure, advancing industrial applications, developing talent, and ensuring ethical deployment of quantum technologies.
Undersecretary Alessio Butti described Q-Alliance as "not only a technological milestone but also a model of open innovation and cooperation, a symbol of Italian leadership in the European quantum transition."
The collaboration extends IonQ’s global reach, adding to its expansion across the UK, Europe, and Asia.
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