Published by Global Banking & Finance Review®
Posted on November 26, 2025
1 min readLast updated: January 20, 2026
IQM Quantum Computers will invest over €40M to expand its Finland site, doubling production capacity and advancing Europe's quantum sector.
(Reuters) -IQM Quantum Computers - seen as a key player in Europe's attempts to compete globally in the quantum computer sector - will invest more than 40 million euros ($46 million) to expand a production site in Finland, said the company.
IQM Quantum Computers said the investment would enable it to double its assembly line capacity and increase the number of quantum computers it can produce annually.
"This will be one of the world's most advanced production facilities for quantum computers combining assembly lines and chip production," said Pasi Kivinen, vice president of operations at IQM Quantum Computers, in a statement.
Quantum computers are faster than conventional computers and their technology is considered as being vital for cybersecurity.
The European Union's tech chief Henna Virkkunen said in July that the EU wanted more private funding for the region's quantum technology sector.
($1 = 0.8678 euros)
(Reporting by Sudip Kar-Gupta)
A quantum computer is a type of computer that uses quantum bits (qubits) to perform calculations at speeds much faster than traditional computers, making them essential for complex problem-solving and cybersecurity.
Investment refers to the act of allocating resources, usually money, in order to generate income or profit. This can include purchasing stocks, bonds, real estate, or other assets.
Assembly line capacity refers to the maximum number of products that can be produced in a given time period on an assembly line, affecting overall production efficiency and output.
Cybersecurity is the practice of protecting systems, networks, and programs from digital attacks, which aim to access, change, or destroy sensitive information.
Private funding refers to financial support provided by private individuals or organizations, rather than public sources, often used to finance projects or businesses.
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