Maryland Launches $1 Billion Quantum Project with IonQ and UMD

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Key Takeaways:

Major Quantum Initiative: Maryland partners with IonQ and the University of Maryland to become a global quantum hub.

Large-Scale Investment: $1 billion in funding to develop a quantum campus and new facilities.

Job Creation: Hundreds of specialized jobs across technical, educational, and operational fields are expected.

IonQ has announced a new initiative with the State of Maryland and the University of Maryland to establish Maryland as a leader in quantum computing and networking. Known as the “Capital of Quantum,” this project is designed to boost the regional economy and create a strong foundation for technological leadership in the field.

The initiative includes plans to develop a 100,000-square-foot headquarters for IonQ, featuring a data center, laboratories, and office spaces. Additionally, IonQ intends to double its local workforce over the next five years, creating high-paying jobs in engineering, physics, and other technical disciplines. These plans depend on state budget approval and agreements between the involved parties.

"Investing in quantum computing is investing in Maryland's future."

— Peter Chapman, President and CEO, IonQ

The University of Maryland will play a central role in this initiative by providing expertise and educational resources. Plans include creating curriculum materials for high school students to introduce them to quantum science. This effort will build a pipeline of talent for Maryland’s quantum industry.

"With our wealth of talent, federal partners, and the world-class research universities here in Maryland, we have both the opportunity and the responsibility to seize this moment and become the world’s leading hub for quantum innovation."

— Governor Wes Moore

IonQ’s proximity to federal agencies in Washington, D.C., positions the company to collaborate with government researchers and pursue contracts. The University of Maryland, recognized for its decades of quantum research, will also benefit from this partnership, helping to position the state as a hub for technological development.

"We are deeply grateful to Governor Moore for his visionary investment in building a brighter future for Maryland’s economy."

— Darryll J. Pines, President, University of Maryland

IonQ began its journey within the Discovery District at the University of Maryland and has since grown into a publicly traded company employing over 400 people globally. This initiative will build on IonQ’s established success and strengthen Maryland’s position as a competitive force in quantum technology.

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