LG Electronics is set to invest in the French quantum computing startup, Pasqal, to help speed up the industrialization of quantum hardware.
Under this agreement, both companies will operate together on two key areas of research and development: quantum algorithms and neutral atom hardware technologies. This collaboration focuses on advancing next generation computing capabilities as well as bringing them closer to real-world applications.
The quantum algorithms developed will help LG tackle industrial challenges such as multiphysics simulation, optimization, along with material discovery. The hardware collaboration will focus on advancing neutral-atom quantum computing technologies, including optical as well as electronic components and modules.
LG did not reveal the details of its investment, but Pasqal announced it will invest USD 52 million to expand into South Korea and boost high performance computing in Asia-Pacific. Supported by the Korean Ministry of Trade, Industry, and Energy and the Seoul government, Pasqal will set up its neutral atom Quantum Processing Unit (QPU) in Seoul and create over 50 jobs in the area.
Executive Statement
According to Loïc Henriet, CEO of Pasqal, this partnership with LG Electronics represents a powerful convergence of quantum science and industrial expertise. Together, they will accelerate the deployment of industry-ready applications and bring quantum computing closer to solving real-world problems at scale.
According to Seong-Hyok Sean Kim, senior research fellow, LG Electronics, at LG Electronics, they are constantly pushing the boundaries of innovation to deliver transformative technologies. By investing in and collaborating with Pasqal, they are positioning ourselves at the forefront of quantum computing.