Quantum News Briefs July 27: Honeywell Weighs Quantinuum IPO at $10 Billion Valuation • UK government invests £100M in quantum tech hubs to transform healthcare, security, & infrastructure • • Leading Chinese Scientist says US blockades won’t hinder China’s quantum computing technology development
In Other News:
MSN reports “Honeywell Weighs Quantinuum IPO at $10 Billion Valuation”
Honeywell International Inc. is considering an initial public offering of its majority-owned quantum computing firm Quantinuum as soon as next year, according to people with knowledge of the matter as per MSN Friday evening, July 26.
Honeywell shares jumped as much as 2.6% on Friday following the Bloomberg News report,
The firm has held discussions with several investment banks about a potential listing in the US and could seek a valuation of about $10 billion for Quantinuum, said the people, who asked not to be identified as the information is private.
Deliberations are at an early stage and details of the plan could change, the people said. A representative for Honeywell declined to comment, while a representative for Quantinuum didn’t immediately respond to requests for comment.
Global Times: “US blockades won’t hinder China’s quantum computing technology development”
According to Guo, the Western blockade on quantum computing against China has manifested in various forms, including imposing sanctions on China’s quantum computing enterprises, blocking high-end quantum computing equipment exports, and limiting cross-border talent exchanges.
Despite these backlashes, China’s quantum computing technology is breaking through international barriers and accelerating pace in achieving greater self-reliance and strength.
UK government invests £100M in quantum tech hubs to transform healthcare, security, and infrastructure
UK government is investing £100M in quantum tech hubs to transform healthcare, security, and infrastructure as per an announcement from the UK Department for Science, Innovation and Technology.
Science Secretary Peter Kyle made the announcement on a visit to the University of Glasgow, who will lead one of the hubs aiming to develop quantum technologies for resilient position, navigation and timing systems in national security and critical national infrastructure.
The Quantum Technology Hubs are:
1. The UK Quantum Biomedical Sensing Research Hub; University College London & University of Cambridge UK Quantum Technology Hub in Sensing, Imaging and Timing (University of Birmingham):
2. Integrated Quantum Networks Quantum Technology Hub (Heriot-Watt University):
3. Hub for Quantum Computing via Integrated and Interconnected Implementations (University of Oxford)
4. The UK Hub for Quantum Enabled Position, Navigation and Timing (University of Glasgow)
5.The UK Quantum Biomedical Sensing Research Hub (University College London and University of Cambridge)
