IQM Plans Logical-Qubit System for Finland’s LUMI AI Factory

Insider Brief

• IQM plans to deliver an upgradeable quantum computer capable of supporting logical qubits to Finland’s LUMI AI Factory by 2029.
• The phased deployment will begin with a 150-physical-qubit Halocene H4 system in 2027, followed by upgrades for real-time error correction in 2028 and an H5 system in 2029.
• LUMI-IQ will support up to nine logical qubits and integrate quantum computing with the facility’s artificial intelligence and high-performance computing infrastructure.

PRESS RELEASE — QM Quantum Computers (Nasdaq: IQMX) today announced its upgrade path for a logical-qubit-capable quantum computer. The deployment to the LUMI AI Factory, led by CSC – IT Center for Science, will support R&D efforts toward fault-tolerant quantum computing and advancements in hybrid computing.

The system, named LUMI-IQ, is an integral part of the wider LUMI AI Factory initiative, and is jointly funded by the EuroHPC Joint Undertaking and the participating countries: Finland, Czechia, Norway, and Poland. LUMI-IQ will be hosted in CSC’s new data center in Kajaani, Finland.

LUMI-IQ will be delivered in three steps: the first installation of an IQM Halocene H4 system in 2027 with 150 physical qubits and early quantum error correction capabilities. The system will be upgraded in 2028 to lower logical error rates and enable real time error correction. The final upgrade is installation of IQM Halocene H5 system in 2029. These upgrades equip the system towards early fault tolerant quantum computing.