According to the bank website, the project concerns the research and development (R&D) efforts as well as the investments into a new clean room facility including tools for the development of more advanced versions of an European Quantum Computer. The project is located mostly in Helsinki (Finland) and Munich (Germany). There are also plans to further expand the footprint and add more sites such as Bilbao (Spain) for the development of solutions in the finance sector. The R&D activities span the period from 2021 to 2023.
IQM plans to deliver a series of Quantum computers with increasing capabilities from 5-qubit to 54-qubit. These on-premises quantum computers are mostly targeting research laboratories and supercomputing centers, mainly for R&D purposes. Beside the sizable R&D expenses there are also capital investments planned in own facilities for the hardware / chip production.
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