IonQ and Busan Metropolitan City Sign Memorandum of Understanding to Drive Quantum Transformation in Korea
IonQ (NYSE: IONQ) has signed a Memorandum of Understanding (MOU) with the Busan Metropolitan Government in South Korea to advance quantum technology development. Under the agreement, IonQ will provide quantum computing cloud services and support joint quantum initiatives while contributing to workforce development in Korea.
The partnership with Busan, South Korea's second-largest city and a key technology hub, aims to create an environment conducive to quantum technology sector growth. The collaboration focuses on unlocking new opportunities in sectors like logistics and finance. This MOU builds upon IonQ's existing partnerships in South Korea, including collaborations with Hyundai Motors, Sungkyunkwan University, Seoul National University, and the Quantum Information Research Support Center.
IonQ (NYSE: IONQ) ha firmato un Memorandum of Understanding (MOU) con il Governo Metropolitano di Busan in Corea del Sud per promuovere lo sviluppo della tecnologia quantistica. Ai sensi dell'accordo, IonQ fornirà servizi di cloud computing quantistico e supporterà iniziative quantistiche congiunte, contribuendo allo sviluppo della forza lavoro in Corea.
La partnership con Busan, la seconda città più grande della Corea del Sud e un importante hub tecnologico, mira a creare un ambiente favorevole alla crescita del settore della tecnologia quantistica. La collaborazione si concentra sullo sblocco di nuove opportunità in settori come la logistica e la finanza. Questo MOU si basa sulle attuali partnership di IonQ in Corea del Sud, comprese le collaborazioni con Hyundai Motors, l'Università Sungkyunkwan, l'Università Nazionale di Seul e il Centro di Supporto alla Ricerca sulle Informazioni Quantistiche.
IonQ (NYSE: IONQ) ha firmado un Memorando de Entendimiento (MOU) con el Gobierno Metropolitano de Busan en Corea del Sur para avanzar en el desarrollo de la tecnología cuántica. Según el acuerdo, IonQ proporcionará servicios de computación cuántica en la nube y apoyará iniciativas cuánticas conjuntas, contribuyendo al desarrollo de la fuerza laboral en Corea.
La asociación con Busan, la segunda ciudad más grande de Corea del Sur y un importante centro tecnológico, tiene como objetivo crear un ambiente propicio para el crecimiento del sector de la tecnología cuántica. La colaboración se centra en desbloquear nuevas oportunidades en sectores como la logística y las finanzas. Este MOU se basa en las asociaciones existentes de IonQ en Corea del Sur, incluidas colabaciones con Hyundai Motors, la Universidad Sungkyunkwan, la Universidad Nacional de Seúl y el Centro de Apoyo a la Investigación en Información Cuántica.
IonQ (NYSE: IONQ)는 한국 부산광역정부와 양자 기술 개발을 촉진하기 위해 양해각서(MOU)를 체결했습니다. 이 협약에 따라 IonQ는 양자 컴퓨팅 클라우드 서비스를 제공하고 공동 양자 이니셔티브를 지원하며 한국의 인력 개발에 기여할 것입니다.
부산과의 파트너십은 한국에서 두 번째로 큰 도시이자 주요 기술 허브로서 양자 기술 분야 성장에 기여하는 환경을 조성하는 것을 목표로 하고 있습니다. 협력은 물류 및 금융과 같은 분야에서 새로운 기회를 여는 데 집중하고 있습니다. 이번 MOU는 현대자동차, 성균관대학교, 서울대학교, 양자정보연구지원센터와의 협력을 포함하여 IonQ의 기존 한국 내 파트너십을 기반으로 하여 이루어졌습니다.
IonQ (NYSE: IONQ) a signé un protocole d'accord (MOU) avec le Gouvernement métropolitain de Busan en Corée du Sud pour faire progresser le développement de la technologie quantique. En vertu de cet accord, IonQ fournira des services de cloud computing quantique et soutiendra des initiatives quantiques conjointes tout en contribuant au développement de la main-d'œuvre en Corée.
Le partenariat avec Busan, la deuxième plus grande ville de Corée du Sud et un pôle technologique clé, vise à créer un environnement propice à la croissance du secteur de la technologie quantique. La collaboration se concentre sur la création de nouvelles opportunités dans des secteurs tels que la logistique et la finance. Ce protocole d'accord s'inscrit dans le cadre des partenariats existants d'IonQ en Corée du Sud, comprenant des collaborations avec Hyundai Motors, l'Université Sungkyunkwan, l'Université nationale de Séoul et le Centre de recherche en information quantique.
IonQ (NYSE: IONQ) hat ein Memorandum of Understanding (MOU) mit der Metropolitanregierung Busan in Südkorea unterzeichnet, um die Entwicklung von Quanten-technologie voranzutreiben. Im Rahmen der Vereinbarung wird IonQ Cloud-Dienste für Quantencomputing bereitstellen und gemeinsame Quanteninitiativen unterstützen sowie zur Entwicklung der Arbeitskräfte in Korea beitragen.
Die Partnerschaft mit Busan, der zweitgrößten Stadt Südkoreas und einem wichtigen Technologiezentrum, zielt darauf ab, ein Umfeld zu schaffen, das das Wachstum des Quanten-technologiebereichs fördert. Die Zusammenarbeit konzentriert sich darauf, neue Möglichkeiten in Sektoren wie Logistik und Finanzen zu erschließen. Dieses MOU baut auf den bestehenden Partnerschaften von IonQ in Südkorea auf, einschließlich der Zusammenarbeit mit Hyundai Motors, der Sungkyunkwan-Universität, der Nationalen Universität Seoul und dem Zentrum für Unterstützung von Quanteninformationsforschung.
- Strategic expansion into South Korea's second-largest technology hub
- New revenue stream potential through quantum computing cloud services
- Partnership strengthens IonQ's presence in the Asian market
- Builds upon existing partnerships with major Korean institutions
- None.
Insights
IonQ's MOU with Busan Metropolitan City represents a strategic expansion of the company's footprint in South Korea, though with immediate financial impact. This government partnership adds to IonQ's existing Korean ecosystem which includes Hyundai Motors, Sungkyunkwan University, and Seoul National University.
The agreement's structure is typical of early-stage market development in quantum computing: IonQ provides cloud services and technical expertise while the government creates favorable conditions for industry growth. For IonQ, this represents customer acquisition in government/municipal sectors - traditionally stable, long-term clients that can provide recurring revenue streams if the relationship progresses beyond the MOU stage.
While the announcement lacks specific financial commitments or implementation timelines, the strategic value lies in securing a position in Busan's technology development roadmap. This positions IonQ to potentially benefit from South Korea's significant technology investments, particularly as quantum computing applications in logistics and finance evolve - areas specifically mentioned as focus sectors.
The partnership aligns with IonQ's global expansion strategy but represents incremental progress rather than a transformative deal. Investors should view this as part of IonQ's long-term market development efforts in Asia rather than a near-term revenue catalyst.
The partnership intends to advance quantum science and technology in
IonQ plans to provide quantum computing cloud services, support joint quantum initiatives and contribute to workforce development initiatives in
IonQ President & CEO, Peter Chapman and Mayor of
Under the terms of the MOU, IonQ plans to provide quantum computing cloud services, support the planning and execution of joint quantum initiatives, and contribute to the workforce and economic development of
“We are excited to collaborate with IonQ to enhance Busan’s status as a leading technology hub and establish it as a global destination for advancements in quantum computing,” said Park Heong-joon, Mayor of
“This partnership reflects our shared vision of driving innovation and building a robust ecosystem for quantum technologies around the world,” said Peter Chapman, President and CEO of IonQ. “We are excited to collaborate with Mayor Heong-joon and the
The MOU underscores both parties’ strategic alignment and highlights IonQ's commitment to accelerating the expansion of quantum in
For more information about IonQ’s quantum computing solutions, please visit www.ionq.com.
About IonQ
IonQ, Inc. is a leader in the quantum computing and networking industry, delivering high-performance systems aimed at solving the world’s largest and most complex commercial and research use cases. IonQ’s current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company’s innovative technology and rapid growth were recognized in Newsweek’s 2025 Excellence Index 1000, Forbes’ 2025 Most Successful Mid-Cap Companies list, and Built In’s 2025 100 Best Midsize Places to Work in
IonQ Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words “accelerating,” “advance,” “advancements,” “advancing,” “aim,” “alignment,” “building,” “cementing,” “collaborate,” “continue,” “contribute,” “cooperation,” “commitment,” “create,” “deliver,” “development,” “driving,” “enhance,” “establishing,” “expansion,” ”foster,” “growth,” “plan,” ”opportunities,” “planning,” “unlock,” “vision,” and “will provide,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQ’s quantum computing capabilities and plans. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ’s ability to implement its technical roadmap. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company’s filings, including but not limited to those described in the “Risk Factors” section of IonQ’s most recent Quarterly Report on Form 10-Q and other documents filed by IonQ from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future.
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Source: IonQ
FAQ
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