Nearly every day we see headlines about players in the Quantum Computing industry announcing new collaborations and partnerships. On a technical level this seems logical given the unique requirements of the various components such as the physical qubits, cryogenics, lasers, microwaves, controllers, compilers, error correction, various software layers, etc. Collaborations would seem inevitable as the industry attempts to power forward as rapidly as possible.
Computing (CQC) reached an agreement to be acquired by Honeywell for $300m, representing a $545m post-money valuation. Honeywell merged CQC with its Honeywell Quantum Solutions (HQS) division and in November of 2021, spun out the combined businesses into a new stand-alone company called “Quantinuum”.