Henry Ford might be proud.
What could you do with €40M?
You may have seen “IQM to Invest Over €40 Million to Expand Finland Production Facility, Accelerate Innovation and Fuel Growth” and wondered, like I did, what does that really mean? And when you strip away all the yada, yada, yada and look at the media assets, I see an assembly line.
Following IQM’s $300M Series B, the company is expanding its Finland-based production facility into an 8,000+ sqm, carbon-neutral facility with 100% renewable district heating. The goal is to build over 30 full-stack, error-corrected computers per year. And while that may initially sound like delusions of grandeur, it’s worth pointing out that that’s only roughly double IQM’s current capacity. In an industry plagued by hype, €40M to double production capacity seems quite plausible.
Fun Fact
IBM has been prolifically deploying quantum computers, mostly to its cloud, for the past decade. If IBM maintains its historical deployment rate and IQM can actually deploy 30 computers per year, IQM will catch up to IBM in total deployments in only 4 years.
And that, ladies and gentlemen, is what you can do with €40M….
Disclaimer
While IQM is NOT claiming that the assembly line will be made possible by hiring quantum dragons, you and I know what’s up.
Filed under: Quantum Computing • Manufacturing • Investment
Image generated by Google’s language model AI.