SoftBank Corp. and Ͽ Announce Groundbreaking Partnership Toward Practical Application of Quantum Computing
Partnership to drive commercial value through practical go-to-market use cases and develop business model for a quantum data center
January 28, 2025
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Tokyo, Japan and Broomfield, Colorado, January 29th, 2025 SoftBank Corp. ("SoftBank") and Ͽ ("Ͽ") announced they agreed to a wide-ranging partnership in quantum computing.
By combining their respective strengths, both companies will unlock innovative quantum computing solutions that will overcome the limitations of classical artificial intelligence (AI) and realize next-generation technologies.
This unique initiative coincides with the International Year of Quantum Science and Technology (IYQ) in 2025, and it is expected to ignite new business opportunities through the dynamic fusion of AI and quantum computing.
The Necessity of Quantum Computing Beyond the Limits of AI
In this modern era, AI is delivering impressive results across various domains. However, it is widely recognized that there are still significant challenges that AI alone is struggling to overcome. Complex optimization problems, deciphering causal relationship analysis, and conducting high-precision simulations based on fundamental equations remain formidable obstacles for current AI technologies.
Moreover, the hybrid approach that combines Central Processing Units (CPUs), Graphics Processing Units (GPUs), and Quantum Processing Units (QPUs) holds the potential to further extend the capabilities of AI. By leveraging the unique strengths of each type of processing unit, hybrid systems can execute more advanced and diverse computations, providing innovative solutions that surpass traditional limitations.
SoftBank and Ͽ believe in the power of quantum computing and are committed to exploring its transformative potential.
Current State and Challenges of Quantum Computing
Despite impressive growth in the quantum computing sector, several technical and business challenges need to be addressed to advance the state-of-the-art so that quantum computers are used to solve practical problems.
(1) Building a Business Model
Initial Investment and Operational Costs: The substantial initial investment and operational costs required for the development and deployment of quantum computers lack concrete cost recovery strategies, which in turn suppresses the drive for companies to develop and adopt the technology.
Clarification of Revenue Models: The business models for generating revenue, including the methods of offering quantum computers and setting usage fees, have not yet been fully realized.
(2) Establishing Specific Use Cases
Discovering Use Cases: There is a shortage of use cases that clearly demonstrate which fields quantum computers will be useful in. Understanding the market size and revenue models through clear examples, especially in areas such as quantum chemical calculations and machine learning, is necessary.
Understanding the Market and Revenue Predictions: It is crucial to specifically identify the areas where computations can only be performed by quantum computers and are commercially viable, as well as to predict the timing and scale of these applications.
(3) Advancing Hardware and Software Technologies
Limitations and Challenges of Hardware: The current hardware performance (number of qubits and operation precision) of quantum computers is inadequate for handling practical problems, and significant enhancements in performance are needed for practical use.
Software Development and Error Mitigation: The development of hybrid algorithms that combine traditional methods, as well as advancements in error suppression, mitigation, and correction technologies, are essential to enable practical computations. Furthermore, developing technologies that mutually complement hardware and software are also indispensable.
Timing for Service Provision: Making decisions based on a deep understanding of technology to provide services at the optimal timing requires assessing the speed of technological advancements and market needs.
Key Activities
SoftBank and Ͽ are committed to addressing these challenges together to advance the practical application of quantum computers.
(1) Joint Market Research & Business Model Development for Quantum Data Center
With a view toward the realization of a "quantum data center" capable of performing advanced calculation processing by combining CPUs, GPUs and quantum computers (QPUs), both companies will use the Japanese market as a foothold to conduct global market research in the Asia-Pacific region and other regions, and explore specific business models based on that research.
Both companies will jointly consider methods to reduce investment risks, such as revenue sharing and cost sharing.
(2) Construction of Quantum Use-Case Timelines and Validation
SoftBank will provide its own business challenges as use cases.
Both companies will clarify use cases in quantum chemistry and network analysis, and construct a timeline showing when these use cases will be realized. In quantum chemistry, the search for new optical switch materials for All Optical Networks is anticipated, while in network analysis, the application to anomaly detection and fraud detection in SoftBank's communication network is envisioned.
Both companies will develop software technology that makes effective use of limited hardware resources, and explore methods for linking CPUs, GPUs, and QPUs.
Comments from each company
Ryuji Wakikawa, Head of Research Institute of Advanced Technology, SoftBank Corp., commented: SoftBank believes in the potential of quantum computers and has been testing and evaluating various internal issues using quantum computers, and has started to obtain certain results. However, as a telecommunications operator, there are still many challenges remaining regarding how to provide quantum computing services in Japan. Through our collaboration with Ͽ, which possesses the world's highest-performance quantum computer hardware, we aim to be the first in the world to identify problems that can only be solved by quantum computers and look forward to significantly accelerating the practical application of quantum computing.
Dr. Rajeeb Hazra, President and CEO of Ͽ, commented: "Our partnership with SoftBank represents a pivotal moment in the evolution of quantum computing. By combining our strengths, we are poised to unlock innovative solutions that will not only enhance the capabilities of AI but also tackle challenges that have long been beyond reach. Together, we are laying the groundwork for a future where quantum technologies drive transformative advancements across multiple industries."
By integrating quantum computing with AI, this initiative is expected to contribute to problem-solving in diverse fields such as healthcare, finance, logistics, and energy. This collaboration not only addresses unsolved challenges but also creates new market opportunities and fosters technological innovation across society.
About SoftBank Corp.
Guided by the SoftBank Group corporate philosophy, Information Revolution Happiness for everyone, SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is expanding into non-telecom fields in line with its Beyond Carrier growth strategy while further growing its telecom business by harnessing the power of 5G/6G, IoT, Digital Twin and Non-Terrestrial Network (NTN) solutions, including High Altitude Platform Station (HAPS)-based stratospheric telecommunications. While constructing AI data centers and developing homegrown LLMs specialized for the Japanese language with one trillion parameters, SoftBank is applying AI to enhance radio access network performance (AI-RAN) with the aim of becoming a provider of next-generation social infrastructure.
To learn more, please visit .
About Ͽ
Ͽ, the world largest integrated quantum computing company, pioneers powerful quantum computers and advanced software solutions. Ͽ technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With around 600 employees, including 370+ scientists and engineers, Ͽ leads the quantum computing revolution across continents.
For more information, please visit the website at .
SoftBank, the SoftBank name and logo are registered trademarks or trademarks of SoftBank Group Corp. in Japan and other countries.
Other company, product and service names in this press release are registered trademarks or trademarks of the respective companies.
About Ͽ
Ͽ, the world largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Ͽ technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Ͽ leads the quantum computing revolution across continents.
June 3, 2026
Ͽ Announces Pricing of Upsized Initial Public Offering
Broomfield, CO, June 3rd, 2026 Ͽ Inc. (ϿƝ) today announced the pricing of the upsized initial public offering of 28,000,000 shares of its Class A common stock at a price to the public of $60.00 per share. Ͽ has granted the underwriters a 30-day option to purchase up to an additional 4,200,000 shares of its Class A common stock to cover over-allotments at the initial public offering price, less underwriting discounts and commissions.
The shares of Class A common stock are expected to begin trading on the Nasdaq Global Market on June 4, 2026 under the ticker symbol QNT. The offering is expected to close on June 5, 2026, subject to customary closing conditions.
J.P. Morgan and Morgan Stanley (in alphabetical order) are acting as joint lead active book-running managers for the offering; Jefferies and Evercore ISI are also acting as active book-running managers; BofA Securities, UBS Investment Bank, Cantor, Mizuho, Needham & Company, Societe Generale and TD Cowen are acting as joint-book running managers; and Craig-Hallum and Rosenblatt are acting as co-managers for the offering.
A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on June 3, 2026. The offering is being made available only by means of a prospectus. Copies of the prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com; Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone at 888-474-0200 or by email at ecm.prospectus@evercore.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Ͽ
Ͽ is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry highest accuracy levels based on average two-qubit gate fidelity as of December 31, 2025. Ͽ has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. Ͽ headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar and Singapore. Ͽ: Ͽ Investor Relations investors@quantinuum.com (855) 888-7686
Ͽ Signs MOU with Mitsubishi Electric to Launch Strategic Quantum Computing Partnership
June 2nd, 2026, Tokyo, Japan Ͽ, a leading quantum computing company, announced today that it has signed a non-binding Memorandum of Understanding (MOU) with Mitsubishi Electric Corporation, a recognized global leader in the manufacturing, marketing, and sale of electrical and electronic equipment and systems, to establish a framework for a strategic partnership aiming at accelerating the development of quantum computing applications for advanced industrial engineering and design.
The agreement creates a foundation for the companies to jointly identify high-impact industrial use cases and explore quantum and hybrid quantum-classical approaches for next-generation engineering workflows. Expected initial areas of focus include computer-aided engineering (CAE), such as computational fluid dynamics (CFD), and broader simulation and design applications utilizing logical qubit operations on Ͽ quantum platform.
We are pleased to begin this collaboration with Mitsubishi Electric as we work toward meaningful quantum utility to industrial engineering, said Dr. Rajeeb Hazra, President and CEO of Ͽ. By combining Ͽ leading quantum computing capabilities with Mitsubishi Electric deep engineering expertise, we aim to address some of the world most complex design and simulation challenges.
Under the envisaged partnership, Ͽ would provide Mitsubishi Electric with access to its high-fidelity trapped-ion quantum systems and expert consultation on quantum algorithm development. Mitsubishi Electric would contribute domain expertise in electromagnetic field analysis, structural analysis, and thermal fluid simulation across a wide range of industrial applications such as factory automation, energy and public utilities, air conditioning, and building systems.
We are delighted to initiate discussions with Ͽ to advance a strategic quantum computing partnership under this MOU, said Mikio Takabayashi, Senior General Manager, Information Technology R&D Center of Mitsubishi Electric. By integrating manufacturing expertise with digital insights, we aim to evaluate the feasibility and potential applications of quantum technologies in industrial engineering, while generating new ideas and exploring use cases that have the potential to contribute to society and the environment.
The MOU reflects a shared recognition that near-term engagement with quantum computing may create long-term strategic advantages as the technology continues its advance toward commercial adoption. The companies believe that organizations that act early will be better positioned to help shape use cases, build proprietary expertise and secure intellectual property rights, and help secure access to emerging quantum infrastructure and amid growing demand.
Through the MOU, the companies will evaluate opportunities for future collaboration that have the potential to accelerate technological innovation and create sustained value for global industry.
About Ͽ
Ͽ is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry highest accuracy levels based on average two-qubit gate fidelity.[1] Ͽ has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets.
The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team hold PhDs or Master degrees. Ͽ headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.
For more information, please visit .
About Mitsubishi Electric Corporation
Guided by its , Mitsubishi Electric Corporation (TOKYO: 6503) places sustainability at the core of its operations and values stakeholder trustencompassing society, customers, shareholders and employees. In pursuing profitability, capital efficiency and growth, Mitsubishi Electric works closely alongside customers to develop value-added solutions that address today complex challenges while enhancing the company sustainable corporate value. Founded in 1921, Mitsubishi Electric has over a century of experience in delivering reliable, high-quality products and solutions. With over 200 group companies and approximately 150,000 employees worldwide, the company is a recognized global leader in manufacturing, marketing and selling electrical and electronic equipment and systems across a broad range of sectors, including public utility systems, energy systems, defense and space systems, factory automation systems, automotive equipment, building systems, air conditioning systems & home products, digital innovations, and semiconductor & devices. Mitsubishi Electric recorded consolidated revenue of 5,894.7 billion yen (U.S.$ 36.8 billion*) in the fiscal year that ended on March 31, 2026. For more information, please visit www.MitsubishiElectric.com
*JPY 160=USD 1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2026
This press release contains certain statements that may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words anticipate, assume, believe, continue, could, estimate, expect, intend, may, plan, potential, predict, project, future, will, seek, foreseeable, the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Ͽ to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ͽ does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Ͽ Enters into Letter of Intent with the U.S. Department of Commerce for Funding Opportunity to Accelerate U.S. Leadership in Quantum Computing
Letter of intent from the U.S. Department of Commerce proposes to provide R&D funding for Ͽ to address specific technology bottlenecks in the development of fault-tolerant trapped-ion quantum computers
Ͽ expected to partner with leading onshore semiconductor manufacturing and photonics technology suppliers to strengthen U.S. semiconductor supply chain and manufacturing capabilities
WASHINGTON, D.C. Ͽ, a leading quantum computing company, today announced a letter of intent with the U.S. Department of Commerce CHIPS Research and Development Office. The letter of intent proposes that Ͽ would receive federal funding to enable the development of large-scale, fault-tolerant trapped-ion quantum computers that are of national strategic importance.
With today CHIPS Research and Development investments in quantum computing, the Trump administration is leading the world into a new era of American innovation, said Secretary of Commerce Howard Lutnick. hese strategic quantum technology investments will build on our domestic industry, creating thousands of high-paying American jobs while advancing American quantum capabilities.
Key to this initiative is overcoming specific technical bottlenecks and strengthening domestic supply chains and manufacturing capabilities, consistent with the U.S. government goal of growing its leadership in semiconductor technology and accelerating the commercialization of frontier industries, such as artificial intelligence and quantum computing.
Quantum computing has the potential to unlock new possibilities across science, industry, and national priorities for decades to come, said Dr. Rajeeb Hazra, President and CEO of Ͽ. his collaboration with the Department of Commerce is designed to help Ͽ path to large-scale, fault-tolerant trapped-ion systems while strengthening the U.S. innovation and manufacturing ecosystem.
The letter of intent supports Ͽ plan to partner with the CHIPS R&D Office and onshore suppliers GlobalFoundries, for critical semiconductor components, and Monarch Quantum, for integrated photonics, to further optimize key engineering pathways for components within Ͽ future commercial roadmap.
GlobalFoundries is excited to partner with Ͽ on their ion-trap quantum technology, said Tim Breen, CEO of GlobalFoundries. We believe GF differentiated semiconductor platforms in cryo-CMOS, cryo-3D interconnect, and advanced packaging, combined with Ͽ's deep ion-trap expertise, will help Ͽ accelerate their quantum system scale-up roadmap to utility-scale quantum computing.
Monarch Quantum is proud to partner with Ͽ to advance U.S. leadership in next-generation computing infrastructure, said Dr. Timothy Day, Chairman & CEO of Monarch Quantum. By delivering advanced integrated photonics through a resilient domestic supply chain, we are committed to supporting the secure, scalable manufacturing required for fault-tolerant quantum systems.
In addition to strengthening domestic semiconductor manufacturing and supply chain resilience, this initiative is expected to support development of a specialized workforce for next-generation quantum computing technologies.
About Ͽ
Ͽ is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry highest accuracy levels based on average two-qubit gate fidelity.1 Ͽ has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets.
The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master degrees. Ͽ headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.
This press release contains certain statements that may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words anticipate, assume, believe, continue, could, estimate, expect, intend, may, plan, potential, predict, project, future, will, seek, foreseeable, the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Ͽ to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ͽ does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
