Terra Quantum AG, a prominent hybrid quantum computing company based in Germany and Switzerland, has entered into a strategic partnership with MegazoneCloud Corporation, a leading South Korean cloud managed services provider. The collaboration aims to drive the adoption of quantum technologies across key Asian markets, particularly focusing on sectors such as finance, manufacturing, weather forecasting, and smart city projects. South Korea’s ambitious goal to elevate its quantum technology capabilities to 85% of US levels by 2035 has spurred significant investments, positioning the country as a key player in the global quantum economy. The partnership between Terra Quantum and MegazoneCloud seeks to leverage European quantum expertise to address the growing demand for advanced technological solutions in Asia. By combining their strengths, the companies aim to develop cutting-edge quantum computing algorithms and applications tailored to the specific needs of the South Korean market. This collaboration marks a step towards improving access to quantum computing on a global scale, empowering organizations in Asia to harness the potential of quantum-powered innovation. A press release from Terra Quantum is available here.

March 21, 2024

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