Latest news with #SFQ
Yahoo
3 days ago
- Business
- Yahoo
SEEQC Announces Collaboration With IBM Under DARPA's Quantum Benchmarking Initiative
Collaboration Boosts New York's Quantum Ecosystem to Advance U.S. Quantum Computing Leadership ELMSFORD, N.Y., June 11, 2025 /PRNewswire/ -- SEEQC, a leader in scalable and energy-efficient quantum technologies, today announced a strategic technical collaboration with IBM as part of the U.S. Defense Advanced Research Projects Agency's (DARPA) Quantum Benchmarking Initiative (QBI). The collaboration will explore integrating SEEQC's Single Flux Quantum (SFQ) chip-based control layer technologies with IBM's leading-edge quantum systems architecture. SEEQC envisions using its SFQ technologies to shrink and consolidate external racks of classical control hardware by transferring certain elements to a system-on-a-chip that operates adjacent to quantum chips within an ultra-cold dilution refrigerator. "SEEQC's work with IBM highlights both companies' contributions to the U.S. Government's investments into large-scale quantum computing capabilities," said John Levy, CEO and Co-Founder of SEEQC. "Our leading SFQ chip-based digital control technology improves the energy efficiency and functionality of quantum computing systems, and we're excited to build on our team's research." While SEEQC explores how SFQ control chips could enhance quantum system performance and reduce energy use in future systems, IBM will continue to progress on its IBM Quantum Development Roadmap, including its work to deliver a large-scale, fault-tolerant quantum computer. "IBM is on track with our IBM Quantum Roadmap to realize a fault-tolerant quantum computer by 2029," says Jay Gambetta, IBM Fellow and VP, IBM Quantum. "Controlling and scaling such large-scale quantum systems is a difficult engineering problem with many unresolved research questions. We are excited to collaborate with SEEQC, investigate these questions, and accelerate the progress toward our 2029 goal." While both companies maintain a global presence, SEEQC and IBM are deeply rooted in New York State's quantum ecosystem. SEEQC designs and tests its SFQ chips at its headquarters in Elmsford, while the IBM Quantum team primarily works out of the Thomas J. Watson Research Center in Yorktown Heights. "This collaboration between IBM and SEEQC showcases the strength of Westchester County's and New York State's ecosystem of expertise in quantum information sciences," said Deborah Novick, Director at the Westchester County Office of Economic Development and co-lead of the NY QUANTUM Consortium. "I am excited to see how the two organizations help advance quantum computing as part of DARPA's QBI." The Quantum Benchmarking Initiative reflects DARPA's broader mission to develop rigorous performance metrics and enable the design of practical, useful quantum computers for national and global challenges. The SEEQC-IBM collaboration exemplifies how New York's quantum ecosystem contributes to the entire "commercialization continuum" — from fundamental research and chip fabrication, to system integration and deployment. About SEEQCSEEQC is pioneering energy-efficient, scalable quantum computing through its proprietary Single Flux Quantum (SFQ) technology. Headquartered in Elmsford, New York, SEEQC designs and manufactures next-generation quantum control systems that integrate classical and quantum components on a single chip. Learn more at Media Contacts: SEEQCDavis Richardson, Paradox Public Relations dr@ IBMChris Nay, IBM Communications cnay@ View original content: SOURCE SEEQC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
SEEQC Announces Collaboration With IBM Under DARPA's Quantum Benchmarking Initiative
Collaboration Boosts New York's Quantum Ecosystem to Advance U.S. Quantum Computing Leadership ELMSFORD, N.Y., June 11, 2025 /PRNewswire/ -- SEEQC, a leader in scalable and energy-efficient quantum technologies, today announced a strategic technical collaboration with IBM as part of the U.S. Defense Advanced Research Projects Agency's (DARPA) Quantum Benchmarking Initiative (QBI). The collaboration will explore integrating SEEQC's Single Flux Quantum (SFQ) chip-based control layer technologies with IBM's leading-edge quantum systems architecture. SEEQC envisions using its SFQ technologies to shrink and consolidate external racks of classical control hardware by transferring certain elements to a system-on-a-chip that operates adjacent to quantum chips within an ultra-cold dilution refrigerator. "SEEQC's work with IBM highlights both companies' contributions to the U.S. Government's investments into large-scale quantum computing capabilities," said John Levy, CEO and Co-Founder of SEEQC. "Our leading SFQ chip-based digital control technology improves the energy efficiency and functionality of quantum computing systems, and we're excited to build on our team's research." While SEEQC explores how SFQ control chips could enhance quantum system performance and reduce energy use in future systems, IBM will continue to progress on its IBM Quantum Development Roadmap, including its work to deliver a large-scale, fault-tolerant quantum computer. "IBM is on track with our IBM Quantum Roadmap to realize a fault-tolerant quantum computer by 2029," says Jay Gambetta, IBM Fellow and VP, IBM Quantum. "Controlling and scaling such large-scale quantum systems is a difficult engineering problem with many unresolved research questions. We are excited to collaborate with SEEQC, investigate these questions, and accelerate the progress toward our 2029 goal." While both companies maintain a global presence, SEEQC and IBM are deeply rooted in New York State's quantum ecosystem. SEEQC designs and tests its SFQ chips at its headquarters in Elmsford, while the IBM Quantum team primarily works out of the Thomas J. Watson Research Center in Yorktown Heights. "This collaboration between IBM and SEEQC showcases the strength of Westchester County's and New York State's ecosystem of expertise in quantum information sciences," said Deborah Novick, Director at the Westchester County Office of Economic Development and co-lead of the NY QUANTUM Consortium. "I am excited to see how the two organizations help advance quantum computing as part of DARPA's QBI." The Quantum Benchmarking Initiative reflects DARPA's broader mission to develop rigorous performance metrics and enable the design of practical, useful quantum computers for national and global challenges. The SEEQC-IBM collaboration exemplifies how New York's quantum ecosystem contributes to the entire "commercialization continuum" — from fundamental research and chip fabrication, to system integration and deployment. About SEEQCSEEQC is pioneering energy-efficient, scalable quantum computing through its proprietary Single Flux Quantum (SFQ) technology. Headquartered in Elmsford, New York, SEEQC designs and manufactures next-generation quantum control systems that integrate classical and quantum components on a single chip. Learn more at Media Contacts: SEEQCDavis Richardson, Paradox Public Relations dr@ IBMChris Nay, IBM Communications cnay@ View original content: SOURCE SEEQC
Yahoo
26-03-2025
- Business
- Yahoo
SAF-Holland Full Year 2024 Earnings: EPS Misses Expectations
Revenue: €1.88b (down 11% from FY 2023). Net income: €77.3m (down 3.2% from FY 2023). Profit margin: 4.1% (up from 3.8% in FY 2023). The increase in margin was driven by lower expenses. EPS: €1.70 (down from €1.76 in FY 2023). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. The primary driver behind last 12 months revenue was the Europe, The Middle East, Africa (EMEA) segment contributing a total revenue of €882.8m (47% of total revenue). Notably, cost of sales worth €1.46b amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €108.7m (32% of total expenses). Explore how SFQ's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Auto Components industry in Germany. Performance of the German Auto Components industry. The company's shares are down 2.4% from a week ago. Be aware that SAF-Holland is showing 2 warning signs in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
