Welcome to another biweekly quantum computing update, where new alliances, defense programs, funding gains, and regional initiatives highlight the field’s ongoing advancements. Companies are shaping real-world use cases while investors and governments line up behind the growth story.
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IBM and AMD Join Forces on Hybrid Quantum Systems
We begin our biweekly journey with International Business Machines (IBM) and Advanced Micro Devices (AMD), which announced a new partnership to build hybrid platforms that link quantum processors with AMD’s CPUs, GPUs, and AI chips. The goal is to create what they call quantum-centric supercomputing systems.
According to both firms, quantum hardware will handle atom and molecule simulations, while classical supercomputers take on large data tasks. In addition, they plan to expand support for open-source software through IBM’s Qiskit platform. The first joint use case is expected later this year. By the end of the decade, the companies also aim to show real-time error correction, which is key for reliable systems.
Q-CTRL Wins DARPA Contracts for Quantum Navigation
Next on the agenda is defense. Q-CTRL secured two contracts worth $38 million under the DARPA Robust Quantum Sensors program. The work focuses on navigation tools that do not rely on GPS and are resistant to jamming and interference.
The company’s Ironstone Opal system has already showcased strong results, with up to 111 times better accuracy than standard inertial systems when GPS is unavailable. Lockheed Martin (LMT) will act as a subcontractor, while agencies such as NASA and the U.S. Geological Survey are also studying the potential use of these sensors.
Albuquerque Targets Quantum Hub Status
Meanwhile, New Mexico is aiming to become a new U.S. center for quantum technology. Roadrunner Venture Studios and partners received $25 million in state funding to build a six-block Innovation District in downtown Albuquerque.
The site will feature labs, quantum networks, and startup support programs. Partners include Los Alamos and Sandia labs, the University of New Mexico, and a group of venture firms with nearly $6 billion in assets under management. The plan is to draw quantum startups while keeping research talent in the state.
SkyWater Expands Quantum Manufacturing Base
SkyWater Technology (SKYT) identified quantum computing as its second-largest end market and anticipates revenue growth exceeding 30% in 2025. The company is building a superconducting design platform, while also working on chip integration and packaging.
Its Minnesota fab has been set up as a center for quantum work, and the recent $93 million purchase of Infineon’s (IFNNY) Fab 25 in Austin has quadrupled its U.S. capacity. SkyWater says the move positions it as a secure domestic partner for both commercial and defense needs in advanced chips.
Quantinuum Raises $593 Million at $10 Billion Value
We conclude our quantum news recap with Quantinuum disclosing through SEC filings that it has raised at least $593 million in fresh funds, valuing it at $10 billion. The round was led by JPMorgan Chase (JPM) and included Quanta and Serendipity Capital, with reports that Nvidia (NVDA) may also be involved.
In other related news, the company is preparing to launch its new Helios quantum computer later this year. The platform will feature a new coding language called Guppy, an emulator named Selene, and links to Nvidia tools for hybrid performance. Quantinuum’s total capital raised now stands at about $1.2 billion.
We used TipRanks’ Comparison Tool to line up some of the top quantum stocks and other tickers mentioned in this piece. It’s an easy way to see how they compare and get a sense of where the space might be headed.
Closing Word
This week shows how quantum computing continues to grow across multiple fronts. IBM and AMD are joining in hybrid systems, Q-CTRL is pushing into defense, and New Mexico is building a hub for startups. At the same time, SkyWater is scaling U.S. chip capacity, while Quantinuum is closing major funding to launch its next platform.