Leading Quantum Computing Company Quantinuum Expands in Albuquerque
The State of New Mexico and the City of Albuquerque are backing the expansion of Quantinuum, a leading quantum computing company, further establishing Albuquerque as a national hub in quantum technology and advanced research.
The city and state will each contribute $750,000 through their Local Economic Development Act (LEDA)
funds for a combined investment of $1.5 million to support Quantinuum’s new research and development hub in Albuquerque.
Quantinuum develops quantum computers and the software needed to operate them. Its technology could eventually transform industries like healthcare, finance and AI by making breakthroughs that aren’t possible with today’s computing power.
Last year, the company, which has its corporate headquarters in Broomfield, Colorado, established its footprint in Albuquerque after securing a 6,000-square-foot facility near Balloon Fiesta Park. Now, Quantinuum is ready to expand its New Mexico operations even further with plans to create dozens of careers for highly skilled individuals that the city and state estimate could generate substantial economic impact over the next decade.
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