D-Wave Partners with Yonsei University

By Tamara Parker • Tuesday, June 17 10:10 • Permanent Link

D-Wave Quantum Inc. has recently announced a strategic partnership with Yonsei University and Incheon Metropolitan City, aimed at accelerating the exploration, adoption, and usage of quantum computing in South Korea. This partnership includes a research collaboration, development of commercial use cases, and collaborative efforts for the acquisition of a D-Wave Advantage2™ system at Yonsei University's international campus in Songdo, Yeonsu-gu, Incheon.

The memorandum of understanding (MOU) signed by the three organizations signifies their intention to work together to advance mutual research and talent development for quantum computing. The partnership also aims to provide access to D-Wave's quantum computing technology and collaborate on the development of use cases in biotechnology, materials science, and other areas.

Yonsei University, known for its excellence in education and research, recently completed the construction of the Quantum Convergence Research Center on its international campus. The university is accelerating its efforts in quantum computing research and dissemination, and plans to expand collaborations with leading universities and research institutes worldwide.

The strategic relationship with D-Wave and Incheon Metropolitan City supports Yonsei University's mission to facilitate a collaborative ecosystem for quantum computing literacy, research, and commercial application development. The collaboration also aligns with Incheon Metropolitan City's vision to establish itself as a global quantum hub, leveraging its strengths in the bio industry and other key sectors to create innovative breakthroughs and attract top talent from around the world.

The partnership with D-Wave and Incheon Metropolitan City is expected to open significant opportunities to advance industry and research in South Korea, with a focus on establishing Incheon as a global quantum hub and creating a quantum cluster where quantum technology converges with various industries.

This strategic relationship underscores D-Wave's mission to accelerate global quantum computing adoption and further establish its role as a leader in the development and delivery of quantum computing systems, software, and services. With more than 100 organizations trusting D-Wave with their toughest computational challenges, the company's quantum computers, available on-premises or via the cloud, have supported over 200 million problems submitted to their quantum systems to date.

Following these announcements, the company's shares moved 5.47%, and are now trading at a price of $16.00. Check out the company's full 8-K submission here.

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