IonQ and Busan Metropolitan City Sign Memorandum of Understanding to Drive Quantum Transformation in Korea

$IONQ
EDP Services
Technology
Get the next $IONQ alert in real time by email

The partnership intends to advance quantum science and technology in South Korea

IonQ plans to provide quantum computing cloud services, support joint quantum initiatives and contribute to workforce development initiatives in Korea

IonQ, Inc. (NYSE:IONQ), a leader in the quantum computing and networking industries, has signed a Memorandum of Understanding (MOU) with the Busan Metropolitan Government in South Korea - the second largest city in South Korea known as a key technology and economic hub for the southeast region of the country. The agreement highlights a commitment to mutual cooperation in nurturing talent, and advancing quantum technology.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250123218190/en/

IonQ President & CEO, Peter Chapman and Mayor of Busan Metropolitan City, Park Heong-joon, sign MOU to advance quantum science and technology (Photo: Business Wire)

IonQ President & CEO, Peter Chapman and Mayor of Busan Metropolitan City, Park Heong-joon, sign MOU to advance quantum science and technology (Photo: Business Wire)

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 South Korea. In turn, the Busan Metropolitan Government will help create an environment conducive to the growth of the quantum technology sector.

"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 Busan Metropolitan City. "Through this partnership, we aim to unlock new opportunities in sectors like logistics and finance, further cementing Busan's role at the forefront of technological innovation."

"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 Busan Metropolitan City to not only advance quantum computing but also continue to lay the foundation for economic and scientific opportunities in Korea."

The MOU underscores both parties' strategic alignment and highlights IonQ's commitment to accelerating the expansion of quantum in South Korea. IonQ has a history of strong partnerships in the region including work with Hyundai Motors, Sungkyunkwan University, Seoul National University, and the Quantum Information Research Support Center.

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 Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ.com.

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.

IonQ Media contact:

Jane Mazur

press@ionq.co



IonQ Investor Contact:

investors@ionq.co

Get the next $IONQ alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$IONQ

DatePrice TargetRatingAnalyst
12/19/2024$50.00Buy
DA Davidson
8/11/2023$12.00 → $21.00Buy
Craig Hallum
4/26/2023$7.00Equal-Weight
Morgan Stanley
6/8/2022$9.00Buy
Needham
12/17/2021$28.00 → $22.00Neutral
Goldman Sachs
11/22/2021$28.00Neutral
Goldman Sachs
More analyst ratings

$IONQ
Press Releases

Fastest customizable press release news feed in the world

See more
  • IonQ Announces Innovations in Compact, Room-Temperature Quantum Computing through Novel Extreme High Vacuum (XHV) Technology

    XHV technology in next-generation IonQ vacuum system miniaturizes room temperature operation, advances practical quantum computing design, and reduces energy costs. IonQ (NYSE:IONQ), a leader in the quantum computing and networking industries, announced the completion of its next-generation ion trap vacuum package prototype intended to realize smaller, more compact, room temperature quantum systems. The company has completed a state-of-the-art assembly chamber capable of manufacturing miniaturized ion trap vacuum packages that can sustain Extreme High Vacuum (XHV) – levels that are comparable to the vacuum levels found on the surface of the Moon. IonQ's innovative approach aims to allow q

    $IONQ
    EDP Services
    Technology
  • IonQ to Report Fourth Quarter 2024 Financial Results on February 26, 2025

    IonQ (NYSE:IONQ), a leader in the quantum computing and networking industries, today announced that the company will release its financial results for the quarter ended December 31, 2024, on Wednesday, February 26, 2025, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (do

    $IONQ
    EDP Services
    Technology
  • IonQ and General Dynamics Information Technology (GDIT) Partner to Develop Quantum Solutions for Customers in the U.S.

    Strategic collaboration unlocks new opportunities for IonQ while empowering GDIT to help its customers solve some of the world's most complex problems IonQ (NYSE:IONQ), a leader in the quantum computing and networking industry, and General Dynamics Information Technology (GDIT), a business unit of General Dynamics, announced a partnership to bring the power of quantum computing to government and defense sectors. IonQ and GDIT are partnering to combine GDIT's deep technical and government agency mission expertise with IonQ's pioneering quantum technology. Together, the companies will co-develop and market advanced quantum processing and networking applications to address high-impact use

    $IONQ
    EDP Services
    Technology

$IONQ
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$IONQ
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$IONQ
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$IONQ
SEC Filings

See more

$IONQ
Leadership Updates

Live Leadership Updates

See more
  • IonQ to Acquire Qubitekk, Furthering Leadership in Quantum Networking

    Qubitekk's renowned team, technology, products, and patent portfolio to join IonQ Acquisition to continue expansion of IonQ's trajectory into the quantum networking market Today, IonQ (NYSE:IONQ) announced that it has reached a definitive agreement to acquire substantially all of the operating assets of Qubitekk, Inc., a leading Vista, CA-based quantum networking company. As part of the transaction, the Qubitekk team will join IonQ to further enhance IonQ's leading position in the quantum networking industry. IonQ anticipates closing the acquisition within the next six months, subject to the satisfaction of certain closing conditions. Quantum networks are expected to become essential inf

    $IONQ
    EDP Services
    Technology
  • IonQ's Dr. Masako Yamada to Join Panel at Quantum + AI Summit in New York City

    Quantum computing leader to highlight the impact of quantum machine learning developments and its impact on key industries IonQ (NYSE:IONQ), a leader in the quantum computing industry, announced today that Dr. Masako Yamada, Director of Applications Development, will speak at Inside Quantum Technology's inaugural Quantum + AI Summit in New York City, taking place October 29-30, 2024. The first-time event brings together a dynamic lineup of speakers to address the challenges and opportunities at the intersection of quantum computing and AI, highlighting their complementary potential to drive innovation and efficiency, as well as showcase a behind-the-scenes look at applications and platform

    $IONQ
    EDP Services
    Technology
  • IonQ Takes the Stage at Quantum World Congress 2024

    President and CEO Peter Chapman plenary session to highlight significant advancements which will accelerate quantum innovation IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced President and CEO Peter Chapman's plenary session on Wednesday, September 11 at Quantum World Congress 2024. The annual technology event connects industry-leading researchers, academics, developers, legislators, policy makers and quantum computing experts, as they discuss and present the latest innovations in the global quantum ecosystem. Chapman will discuss IonQ's perspective on the quantum industry and share exciting new developments that are accelerating quantum innovation. He will

    $IONQ
    EDP Services
    Technology

$IONQ
Financials

Live finance-specific insights

See more
  • IonQ to Report Fourth Quarter 2024 Financial Results on February 26, 2025

    IonQ (NYSE:IONQ), a leader in the quantum computing and networking industries, today announced that the company will release its financial results for the quarter ended December 31, 2024, on Wednesday, February 26, 2025, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (do

    $IONQ
    EDP Services
    Technology
  • IonQ Announces Third Quarter 2024 Financial Results

    Exceeds High End of Guidance Range with Third Quarter Revenue of $12.4 Million, Representing 102% Year-Over-Year Growth Raises Full Year Revenue Guidance to Between $38.5 Million and $42.5 Million Secures $63.5 Million in Third Quarter Bookings, Including Largest 2024 U.S. Quantum Contract Award of $54.5 Million with United States Air Force Research Lab Signs Definitive Agreement to Acquire Qubitekk, Furthering Leadership in Quantum Networking Enters New Era of Quantum Networking Commercialization, with Significant Government Backing Announces Plan to Partner with AstraZeneca to Accelerate Drug Discovery and Development Announces Partnership with Ansys to Bring the Power of Qua

    $IONQ
    EDP Services
    Technology
  • IonQ to Report Third Quarter 2024 Financial Results on November 6, 2024

    IonQ (NYSE:IONQ), a leader in the quantum computing industry, today announced that the company will release its financial results for the quarter ended September 30, 2024, on Wednesday, November 6, 2024, after the financial markets close. IonQ will host a conference call at 4:30 PM Eastern time that same day to discuss its results and business outlook. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international). The call will also be available live via webcast on the Company's website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or +1-412

    $IONQ
    EDP Services
    Technology

$IONQ
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more