Microsoft and Atom Computing Land $93 Million Deal to Build Quantum Computer in Denmark
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The quantum computer, named 'Magne,' will be delivered through a collaboration between Microsoft Corporation (MSFT) and Atom Computing, a U.S. startup that develops quantum hardware using neutral atoms. The company recently opened its European headquarters in Copenhagen.
Magne targets Nordic pharma, chemicals, finance, and logistics
Magne is expected to become operational in early 2027. The system will be based on logical qubits, which are more stable and error-resistant than today's physical qubits. This puts Magne in the category of Level 2 quantum computers, a benchmark for performance and commercial readiness. Microsoft will supply the software stack and error correction layer through its recently announced Microsoft Discovery platform. The company has also expanded its quantum research facilities in Denmark in recent years, reinforcing its presence in the region.
QuNorth's mission is to give researchers and businesses in the Nordic region priority access to Magne. Target industries include pharmaceuticals, chemicals, logistics, and finance. The computer is expected to support innovation in drug discovery, materials science, and complex industrial processes.
Construction of the system is set to begin in late 2025. A Nordic quantum summit is planned for the fall of that year, where QuNorth will present its commercial and academic access programs. The investment gives Denmark full ownership of the system. For Microsoft Corporation, this strengthens its foothold in the European quantum market. For Atom Computing, it is a chance to prove its hardware can scale to commercial workloads. The Nordic region gains early access to a rare and advanced technology.
Using TipRanks' Comparison Tool, we've brought together some of the most prominent stocks in the quantum space to see how they stack up. It's a quick way for investors to get a clearer view of each company's position, and a better sense of where the industry is headed overall.
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