IonQ has entered a deal with the Korea Institute of Science and Technology Information (KISTI) to deliver a 100-qubit quantum system to South Korea. This marks another step in the company’s efforts to expand global access to quantum computing.
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The system is expected to be installed at KISTI’s supercomputing center over the next few years, giving researchers, universities, and industry partners direct access to advanced quantum hardware.
For IonQ, the deal strengthens its presence in Asia and supports its goal to make quantum computing more easily available for real-world applications.
Also, the partnership will help accelerate national research in areas such as materials science, logistics optimization, cybersecurity, and next-generation AI.
By integrating IonQ’s trapped‑ion quantum technology with its existing high-performance computing infrastructure, KISTI aims to build a hybrid environment where classical and quantum systems work together.
IonQ Boosts Swiss Presence
The deal comes just days after IonQ expanded its partnership with QuantumBasel, the quantum initiative of uptownBasel in Switzerland. The new agreement gives QuantumBasel ownership of its current IonQ Forte Enterprise system and a next-generation Tempo system, bringing the total value of the partnership to more than $60 million. It also extends IonQ’s on-site presence in Switzerland through 2029.
IonQ CEO Niccolo de Masi said the extended partnership is a key part of the company’s global strategy, helping build a quantum-ready ecosystem across Europe.
Is IonQ a Good Buy?
Turning to Wall Street, IONQ has a Strong Buy consensus rating based on nine Buys and three Holds assigned in the last three months. At $75.91, the average IonQ price target implies 46.66% upside potential.
