Finland's IQM Urges Europe to Close the Gap in Global Quantum Race

IQM Quantum Computing’s CEO Jan Goetz warns Europe risks falling behind in the global quantum race, dominated by the US and China, unless it accelerates investment and innovation. Finland-based IQM has raised $600 million and partnered with Nvidia to advance quantum hardware, positioning itself as Europe’s leading quantum contender amid intensifying geopolitical tech competition. Goetz urges European policymakers to prioritize quantum R&D funding, infrastructure, and talent development to prevent dependency on foreign quantum technologies in critical sectors like defense and finance. The interview highlights Europe’s current lag in quantum computing despite its strong research base, emphasizing the need for coordinated public-private efforts to match US and Chinese progress. Without urgent action, Europe could lose strategic autonomy in quantum technologies, ceding ground in the next wave of computational and industrial revolutions.