Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

IQM Quantum Computers to invest more than 40 million euros in expanding Finland production site

Published by Global Banking and Finance Review

Posted on November 26, 2025

Featured image for article about Finance

(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)