Quantum-Computing

Boehringer Ingelheim is one of the world’s largest pharmaceutical companies exploring quantum computing for drug discovery and molecular simulation applications. The Ingelheim-based company investigates quantum algorithms for protein folding, molecular dynamics, and compound screening to accelerate pharmaceutical research and development. Boehringer Ingelheim collaborates with quantum computing providers and academic institutions to develop practical quantum chemistry applications for identifying new drug candidates and optimizing therapeutic molecules. The company’s quantum computing initiative focuses on computational chemistry challenges where quantum algorithms could provide significant advantages over classical methods, positioning the pharmaceutical company at the forefront of quantum-enhanced drug discovery.

Chevron is exploring quantum computing applications to address complex challenges in the energy sector including reservoir simulation, molecular modeling for catalyst design, and supply chain optimization. The San Ramon-based energy company has partnered with quantum computing providers and participates in industry consortiums to evaluate quantum algorithms for oil and gas exploration, refining processes, and renewable energy development. Chevron’s technology organization investigates quantum-enhanced machine learning for seismic data analysis and computational chemistry simulations that could improve hydrocarbon recovery and accelerate development of lower-carbon energy solutions. The company collaborates with academic researchers and quantum startups to identify practical quantum computing applications for the energy industry.

ComPro is a prominent Istanbul-based IT system integrator specializing in high-performance computing (HPC) with expanding focus on quantum computing, headed by Abdurrahman Keklik. The company pursues a dual quantum strategy: short-term importation of IBM Quantum System Two to provide quantum services, while developing Turkey’s first indigenous quantum computer prototype for long-term technological independence. ComPro aims to produce the first prototype of the Turkish quantum computer before Turkey’s TEKNOFEST technology festival. As global protectionism increases, ComPro stresses the importance of localizing quantum technology, collaborating with international partners while simultaneously working on fully indigenous quantum computer development. The company positions Turkey to become self-sufficient in quantum computing capabilities.

ExxonMobil is exploring quantum computing applications for energy sector challenges including molecular simulation, reservoir optimization, and supply chain logistics. The Houston-based energy company has partnered with IBM Quantum Network and other quantum computing providers to develop practical applications for hydrocarbon exploration, catalyst design, and carbon capture optimization. ExxonMobil’s quantum computing initiative focuses on computational chemistry simulations that could accelerate development of new materials and processes for energy production and emissions reduction. The company participates in quantum research collaborations with academic institutions and technology partners to identify near-term and long-term quantum advantages for the energy industry.

Fidelity Investments is one of the world’s largest asset managers actively exploring quantum computing applications for financial services. The Boston-based company has invested in quantum computing startups including Lightmatter and D-Wave, and participates in quantum research consortiums. Fidelity’s quantum computing initiative focuses on portfolio optimization, risk analysis, derivative pricing, and Monte Carlo simulations where quantum algorithms could provide significant speedups. The company collaborates with quantum hardware providers and academic institutions to develop practical quantum applications for asset management and financial markets. As a strategic investor in quantum technology, Fidelity is positioning itself to leverage quantum computing advantages as the technology matures for commercial financial applications.

Hitachi Ltd. is a major Japanese multinational conglomerate founded in 1910, headquartered in Tokyo, developing quantum computing technologies including CMOS annealing and gate-type quantum computers. Hitachi started R&D on CMOS annealing machine in 2013, combining quantum annealing principles with CMOS technology creating quantum-inspired computers for combinatorial optimization problems. In 2020, Hitachi started R&D on silicon quantum computer as part of Japan’s Moonshot Research and Development Program launched by Cabinet Office. In 2018, Hitachi partnered with University of Tokyo to develop high-speed quantum computer, and signed memorandum with Riken research institute and Belgian research organization to develop silicon-based quantum computer. In June 2024, Hitachi developed new qubit control method stabilizing and extending lifetimes by hundred-fold, accelerating quantum computer development. Hitachi offers CMOS Annealing Cloud Service for quasi-quantum computing serving enterprises requiring optimization solutions across logistics, finance, and industrial applications in Japan and globally.

Lumai is a quantum computing and AI company backed by Qubits Ventures. The company focuses on developing advanced computational systems that combine quantum and classical approaches for solving complex problems. Lumai received investment from Qubits Ventures in April 2025 and is developing next-generation computing infrastructure.

2025 Developments: The company continues to advance its quantum hardware capabilities throughout 2025. Ongoing research and development efforts focus on improving qubit performance and scalability. The organization maintains active collaboration with research institutions and industry partners.

Photon Queue is the first startup from University of Illinois Urbana-Champaign accepted into Duality Accelerator and the first quantum-focused UIUC startup, led by current and former PhD students from physics professors Paul Kwiat and Virginia Lorenz’s labs, based on research from Kwiat’s group. The company develops efficient and less costly quantum memories by storing single photons in free-space storage loops using optical switches paired with high-reflectivity mirrors, avoiding complex transduction processes required by other quantum memory approaches. Photon Queue’s unique approach keeps photonic qubits intact through motion in compact spaces, avoiding costly cryogenics, ovens, or vacuums, designed to work with virtually any single photon source. The technology uses multiplexed optical delay lines and Herriott cells for compact, efficient photon storage. Photon Queue joined Chicago Quantum Exchange as corporate partner. Applications include quantum communication, computing, and metrology requiring photon storage and retrieval for quantum information processing and distributed quantum systems.

Quemix is a leading R&D venture focusing on quantum technology, covering quantum computing, communication, and sensors. The company is a specified subsidiary of TerraSky Co., Ltd. and has consistently dedicated itself to developing algorithms that excel on FTQC (fault-tolerant quantum computing). Quemix provides Quloud, a cloud-based materials computation platform offering access to leading materials computation software. The company collaborates with academia and industry on epoch-making achievements in material development, drug discovery, logistics, and entertainment. In a groundbreaking collaboration, Honda R&D and Quemix developed the world’s first technology to read out quantum states and successfully performed practical calculation for materials development on a logical qubit using an actual quantum computer. JIC Venture Growth Investments acquired shares in Quemix through its JIC Venture Growth Fund 1.

Rosatom (State Atomic Energy Corporation) is Russian state corporation founded in 1992, taking charge of quantum computing and launching national program in late 2019 dedicated to developing practical quantum computers and algorithms. In 2020, Rosatom announced investment of approximately $790 million to fund quantum computing R&D across Russia, establishing National Quantum Laboratory (NQL) consortium uniting leading labs and companies including MISiS, MIPT, MSU, Lebedev Physical Institute, RQC, and Skolkovo Foundation. Rosatom developed multiple quantum processors including 20-qubit and 50-qubit systems, with roadmap to surpass classical supercomputers by targeting 2030. The corporation coordinates Russia’s Quantum Computing Roadmap achieving 50-qubit neutral atom quantum computer prototype in December 2024, planning to scale to 75 qubits by 2025. Rosatom serves Russian government agencies, research institutions, and enterprises requiring quantum computing development for national security, scientific research, and industrial optimization applications.

State Street Corporation is one of the world’s largest custodian banks and asset managers exploring quantum computing applications for financial services. The Boston-based company investigates quantum algorithms for portfolio optimization, risk analysis, derivative pricing, and market simulation. State Street participates in quantum computing research programs and collaborates with quantum hardware and software providers to develop practical financial applications. The company’s quantum computing initiative focuses on computational finance problems where quantum speedups could provide competitive advantages in asset management, trading strategies, and regulatory compliance. State Street positions itself to leverage quantum computing as the technology matures for commercial deployment in institutional financial services.

Takeda Pharmaceutical Company is one of Japan’s largest pharmaceutical companies exploring quantum computing applications for drug discovery and molecular research. The Osaka-headquartered company investigates quantum algorithms for computational chemistry, protein structure prediction, and drug-target interaction modeling. Takeda participates in quantum computing research collaborations with Japanese and international partners to develop practical quantum applications for accelerating pharmaceutical R&D. The company’s quantum initiative focuses on computational challenges in drug design where quantum simulations could provide insights into molecular behavior and therapeutic efficacy that are difficult to achieve with classical computing methods.

Tencent Quantum Lab is based in Shenzhen and intends to become the conduit of fundamental theory with practical applications in quantum information technology. The lab conducts research in quantum algorithms, quantum AI, quantum chemistry, and develops quantum computing cloud platforms. Tencent Quantum Lab collaborates with leading research institutions to advance quantum computing towards practical applications in China’s tech industry.

2025 Developments: The company continues to advance its quantum hardware capabilities throughout 2025. Ongoing research and development efforts focus on improving qubit performance and scalability. The organization maintains active collaboration with research institutions and industry partners.