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Investing.com -- IonQ (NYSE:IONQ) stock rose 1.3% after the quantum computing firm announced a strategic collaboration with Australian research and development company Emergence Quantum to advance ion trap technology.
The partnership aims to expand on existing advances in ion trap technology through co-development of next-generation electronics and materials, including design and simulation of application-specific integrated circuits for qubit control. The teams will also work to reduce hardware complexity while scaling system capacity and explore new materials and deposition techniques to enhance ion trap performance.
Emergence Quantum was founded by former members of Microsoft (NASDAQ:MSFT)’s quantum team, including CEO Prof. David Reilly, who previously spent eight years as a senior leader in Microsoft’s quantum group, and CTO/CSO Thomas Ohki, who formerly led the quantum group at Raytheon/BBN Technologies.
"This collaboration furthers IonQ’s efforts to tap into one of the world’s most promising quantum talent pools while contributing meaningfully to Australia’s growing quantum industry," said Dr. Dean Kassmann, SVP of IonQ’s Engineering and Technology division.
The initiative builds on IonQ’s ongoing work in Australia, including its collaboration with the Australian National University, as part of its strategy to engage with quantum research ecosystems globally.
Prof. Reilly noted: "We see tremendous demand in Australia for quantum technology so we are delighted to partner with IonQ to advance quantum innovation in the country. The challenge in Australia has always been how to bring in international investment, without losing the key know-how and talent that we have here."
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