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IQM Quantum Computers unveils state-of-the-art facility in Espoo

IQM Quantum Computers unveils state-of-the-art facility in Espoo

The company has invested EUR 20 million in the new fabrication site

On 11 November, the Finnish-based IQM Quantum Computers unveiled its new, state-of-the-art Fabrication Facility in Espoo. This advanced manufacturing site is located close to the company’s headquarters and covers an area of 560 square metres.

An investment worth EUR 20 million

The development of the IQM Fabrication Facility is reportedly the company’s largest investment to date, costing a total of EUR 20 million. Commenting on this substantial investment, the CEO and co-founder of IQM Quantum Computers, Dr Jan Goetz, noted that it will increase the company’s fabrication, material research, 3D integration and product delivery capabilities. Taking this further, Goetz shared:

“We continue to see increasing demand for our on-premises quantum computers across Europe and globally. Today, we are announcing our largest-ever investment in production to dramatically increase our quantum processor supply and build quantum computers of the future. [...] We have started the first phase of our fabrication facility and we plan to continuously learn, and invest in further expansion.”

Creating new opportunities

The operation of the new state-of-the-art fabrication facility is part of IQM’s long-term growth strategy. In a press release, the company outlined the advantages of the advanced manufacturing site, sharing that it will help it accelerate its processor design cycle, increase its microelectronics fabrication capacity, and ensure the highest industry-level quality required for quantum computers.

Unsurprisingly, IQM’s manufacturing facility will create new opportunities for the tech industry in Finland and strengthen the country’s competitiveness. In particular, the operations of the facility will create an abundance of high-tech job opportunities, benefiting both the citizens and the economy.

Looking ahead, IQM is planning on forming partnerships with various Finnish and European ecosystems in the future to further generate new opportunities for growth and development.

The company currently estimates that it will reach maximum production capacity during 2022.

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