Quantum computer will be delivered and installed in Q4 2025

Upgrades prior agreement from a System One

16-qubit system to integrate with Snellius supercomputer

Will start new role on March 18

Companies will sell the servers to customers across Europe, India, the Middle East, and South America

Brings total raised by the company to $515m

Nvidia, AMD, Qualcomm, and Broadcom have all been approached, sources claim

First facility due to come online in Q2 2025

Partnership will see ASML install its technology at Imec’s European pilot line

Reportedly manufactured by TSMC

Company also updates its AI software suite, introduces new package options for MAX 10 FPGAs

System will be hosted at NorthC Datacenters' facility in Rotterdam

But report claims it is merely an upgrade of an existing facility

CFO Marie Myers said “recent tariff announcements have created uncertainty for our industry”

System will be used to develop Krutrim 3 LLM

Titania chiplet uses Digital In-Memory Computing architecture

Chips will be installed in phases, with 16,000 expected to be in place by end of summer 2024

Will provide developers in the region with access to company’s inferencing services

Company says its Synthetic Biological Intelligence is a “more advanced and sustainable form of AI”

Company claims it can provide pathway to one million qubit processors

Angel investors provide cash to develop technology

Part of struggling company’s cost-cutting and restructuring efforts

President used his joint address to Congress to once again criticize the CHIPS and Science Act

Forms part of family of new ThinkSystem V4 servers