Horizon Quantum to Build Second Quantum Computer in Ireland
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 11 2026
0mins
Horizon Quantum Holdings Ltd's stock surged by 33.69% as it reached a 52-week high.
The company announced plans to establish its second quantum computer in Dublin, Ireland, utilizing IonQ's 256-qubit technology, which is expected to enhance its competitive edge in quantum software infrastructure. This strategic move aims to leverage Ireland's growing quantum ecosystem and foster collaboration with local industry and academia.
This expansion not only signifies a technological milestone for Horizon Quantum but also positions the company for future growth in the rapidly evolving quantum technology sector.
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About HQ
Horizon Quantum Holdings Ltd is a Singapore-based building software infrastructure company. The Company's integrated development environment, Triple Alpha, enables developers to write hardware-agnostic quantum programs at multiple levels of abstraction. The Company’s technology includes software infrastructure, development infrastructure, deployment infrastructure, execution infrastructure, quantum systems and integration, supported quantum systems, and hardware testbed. Its deployment infrastructure enables quantum processing within real-world applications. Its execution infrastructure is designed to run complex programs with general control flow. Through its software infrastructure, the company enables users to deploy their quantum applications across more than 30 backends, including a range of processors and simulators from manufacturers such as IBM, IonQ, AQT, AWS, Rigetti, and OQC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
U.S. Accelerates Quantum Computing Strategy with New Directives
- Quantum Computing Goals: The U.S. government has set a target to develop a quantum computer tailored for scientific research within two years and to roll out quantum sensors and networks within five years, aiming to enhance national research capabilities and technological competitiveness.
- Cybersecurity Upgrade: The second directive mandates federal departments to complete a full migration to quantum-resistant encryption protocols for high-value targets by 2031, addressing future national security threats and ensuring the security of critical data.
- Funding Support: This strategy is backed by a $2 billion government allocation aimed at strengthening local supply chains through collaboration with major tech companies and research labs, facilitating the commercialization of quantum technology.
- Positive Market Reaction: Following Trump's signing of the directives, shares of IONQ, QUBT, and IBM rose between 4% and 6% in after-hours trading, reflecting market optimism about the future developments in the quantum computing sector.
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Horizon Quantum to Establish Second Quantum Computer in Ireland
- Quantum Computer Deployment: Horizon Quantum has announced plans to establish its second quantum computer in Dublin, Ireland, which is expected to be one of the most advanced commercial quantum systems globally, marking a significant expansion in the company's quantum computing initiatives.
- Technological Milestone: The new system will utilize IonQ's 256-qubit technology, anticipated to tackle complex computational problems, thereby enhancing Horizon Quantum's competitive edge in quantum software infrastructure.
- Ecosystem Enhancement: By investing in Ireland, Horizon Quantum aims to leverage the country's growing quantum ecosystem and strong university network, fostering collaboration with industry, academia, and the local supply chain to drive innovation and economic growth.
- Strategic Development: Horizon Quantum plans to expand its Irish-based science and engineering teams to oversee the establishment and management of the new system, further solidifying its leadership position in the frontier quantum technology sector.
See More
Quantum Computing Could Be the Next Major Tech Winner
- Technology Simplification Potential: Horizon Quantum Computing's Triple Alpha software platform is designed to assist developers in building quantum applications across various hardware systems, and if quantum computing becomes commercially viable, the value of such software tools could significantly increase, positioning them as potential market winners.
- Capital Support: By merging with dMY Squared Technology Group, Horizon successfully raised approximately $120 million in gross proceeds, providing robust capital support for its strategic positioning in the quantum computing sector and enhancing its competitive edge in the market.
- Hardware Compatibility: Horizon has partnered with Alpine Quantum Technologies and Alice & Bob to broaden Triple Alpha's compatibility across different quantum architectures, demonstrating its flexibility across multiple quantum computing hardware approaches, which may enhance its market adaptability.
- Financial Challenges: Despite the promising outlook, Horizon reported a net loss of $3.6 million in the first quarter of fiscal 2026, indicating that the commercialization process remains limited, and investors should carefully assess its long-term investment value.
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- Infleqtion Funding Success: Infleqtion raised over $550 million through a SPAC merger with Churchill Capital Corp X, strengthening its balance sheet to support future growth in quantum computing, with projected revenues of around $40 million in fiscal 2026.
- Horizon Quantum Software Development: Horizon Quantum secured approximately $120 million through a SPAC merger with dMY Squared Technology Group, focusing on developing programming tools for quantum applications, which, despite currently having no revenue, could position it as a key software infrastructure player in the quantum ecosystem.
- Xanadu Quantum Technology Advances: Xanadu raised about $302 million through a merger with Crane Harbor Acquisition Corp, focusing on photonic quantum computing and aiming to build systems with up to 500 logical qubits by 2030, although it continues to report losses, its advancements may establish it as a significant industry player in the next decade.
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- Xanadu Quantum Technologies: Xanadu went public on March 27 as the first publicly traded photonic quantum computing company, achieving $4.6 million in revenue for 2025, a 188% year-over-year increase, although it still reported a $69.3 million operating loss; however, the $302 million raised in its IPO will sustain operations and support sales growth.
- Infleqtion's Neutral Atom Technology: Infleqtion went public on February 17, raising over $550 million, with 2025 revenue of $32.5 million expected to grow to $40 million in 2026; despite an operating loss of $35.3 million, its improved cost management indicates potential for profitability.
- Horizon Quantum's Software Strategy: Horizon went public on March 20, raising approximately $120 million, focusing on quantum computing software; while it did not generate revenue in Q1, its Triple Alpha platform is currently being tested, positioning it to potentially lead the market.
- Quantum Computing Market Outlook: As quantum computing technology evolves, the three companies are pursuing different technological paths; despite current unprofitability, their innovative approaches and market demand suggest significant growth potential, attracting investor interest.
See More
Surge of Quantum Computing IPOs in 2026
- Xanadu Quantum Technologies IPO: Xanadu went public on March 27, 2026, as the first pure-play photonic quantum computing firm, achieving $4.6 million in revenue for 2025, a 188% year-over-year increase, yet facing an operating loss of $69.3 million; the $302 million raised from the IPO will support its growth.
- Infleqtion's Neutral Atom Technology: Infleqtion debuted on February 17, 2026, raising over $550 million, with projected revenue growth from $32.5 million in 2025 to $40 million in 2026; despite a $35.3 million loss in 2025, its improved cost management indicates potential profitability.
- Horizon Quantum Software Strategy: Horizon went public on March 20, 2026, raising approximately $120 million, focusing on quantum computing software; although it reported no revenue in Q1 and an operating loss of $6.5 million, its Triple Alpha platform could capture significant market share in the future.
- Quantum Computing Market Outlook: As quantum computing technology evolves, these three companies are pursuing different technological paths; despite current unprofitability, their successful IPOs have attracted investor interest, signaling potential growth opportunities in the quantum computing sector.
See More
U.S. Accelerates Quantum Computing Strategy with New Directives
- Quantum Computing Goals: The U.S. government has set a target to develop a quantum computer tailored for scientific research within two years and to roll out quantum sensors and networks within five years, aiming to enhance national research capabilities and technological competitiveness.
- Cybersecurity Upgrade: The second directive mandates federal departments to complete a full migration to quantum-resistant encryption protocols for high-value targets by 2031, addressing future national security threats and ensuring the security of critical data.
- Funding Support: This strategy is backed by a $2 billion government allocation aimed at strengthening local supply chains through collaboration with major tech companies and research labs, facilitating the commercialization of quantum technology.
- Positive Market Reaction: Following Trump's signing of the directives, shares of IONQ, QUBT, and IBM rose between 4% and 6% in after-hours trading, reflecting market optimism about the future developments in the quantum computing sector.
See More
Horizon Quantum to Establish Second Quantum Computer in Ireland
- Quantum Computer Deployment: Horizon Quantum has announced plans to establish its second quantum computer in Dublin, Ireland, which is expected to be one of the most advanced commercial quantum systems globally, marking a significant expansion in the company's quantum computing initiatives.
- Technological Milestone: The new system will utilize IonQ's 256-qubit technology, anticipated to tackle complex computational problems, thereby enhancing Horizon Quantum's competitive edge in quantum software infrastructure.
- Ecosystem Enhancement: By investing in Ireland, Horizon Quantum aims to leverage the country's growing quantum ecosystem and strong university network, fostering collaboration with industry, academia, and the local supply chain to drive innovation and economic growth.
- Strategic Development: Horizon Quantum plans to expand its Irish-based science and engineering teams to oversee the establishment and management of the new system, further solidifying its leadership position in the frontier quantum technology sector.
See More
Quantum Computing Could Be the Next Major Tech Winner
- Technology Simplification Potential: Horizon Quantum Computing's Triple Alpha software platform is designed to assist developers in building quantum applications across various hardware systems, and if quantum computing becomes commercially viable, the value of such software tools could significantly increase, positioning them as potential market winners.
- Capital Support: By merging with dMY Squared Technology Group, Horizon successfully raised approximately $120 million in gross proceeds, providing robust capital support for its strategic positioning in the quantum computing sector and enhancing its competitive edge in the market.
- Hardware Compatibility: Horizon has partnered with Alpine Quantum Technologies and Alice & Bob to broaden Triple Alpha's compatibility across different quantum architectures, demonstrating its flexibility across multiple quantum computing hardware approaches, which may enhance its market adaptability.
- Financial Challenges: Despite the promising outlook, Horizon reported a net loss of $3.6 million in the first quarter of fiscal 2026, indicating that the commercialization process remains limited, and investors should carefully assess its long-term investment value.
See More
SpaceX IPO Could Reach $1.75 Trillion Valuation
- SpaceX IPO Outlook: SpaceX is reportedly seeking a valuation of up to $1.75 trillion, driven by its rapidly growing Starlink satellite internet and reusable rocket systems, indicating strong market potential that could attract significant investor interest.
- Infleqtion Funding Success: Infleqtion raised over $550 million through a SPAC merger with Churchill Capital Corp X, strengthening its balance sheet to support future growth in quantum computing, with projected revenues of around $40 million in fiscal 2026.
- Horizon Quantum Software Development: Horizon Quantum secured approximately $120 million through a SPAC merger with dMY Squared Technology Group, focusing on developing programming tools for quantum applications, which, despite currently having no revenue, could position it as a key software infrastructure player in the quantum ecosystem.
- Xanadu Quantum Technology Advances: Xanadu raised about $302 million through a merger with Crane Harbor Acquisition Corp, focusing on photonic quantum computing and aiming to build systems with up to 500 logical qubits by 2030, although it continues to report losses, its advancements may establish it as a significant industry player in the next decade.
See More
Surge of Quantum Computing IPOs in 2026
- Xanadu Quantum Technologies: Xanadu went public on March 27 as the first publicly traded photonic quantum computing company, achieving $4.6 million in revenue for 2025, a 188% year-over-year increase, although it still reported a $69.3 million operating loss; however, the $302 million raised in its IPO will sustain operations and support sales growth.
- Infleqtion's Neutral Atom Technology: Infleqtion went public on February 17, raising over $550 million, with 2025 revenue of $32.5 million expected to grow to $40 million in 2026; despite an operating loss of $35.3 million, its improved cost management indicates potential for profitability.
- Horizon Quantum's Software Strategy: Horizon went public on March 20, raising approximately $120 million, focusing on quantum computing software; while it did not generate revenue in Q1, its Triple Alpha platform is currently being tested, positioning it to potentially lead the market.
- Quantum Computing Market Outlook: As quantum computing technology evolves, the three companies are pursuing different technological paths; despite current unprofitability, their innovative approaches and market demand suggest significant growth potential, attracting investor interest.
See More
Surge of Quantum Computing IPOs in 2026
- Xanadu Quantum Technologies IPO: Xanadu went public on March 27, 2026, as the first pure-play photonic quantum computing firm, achieving $4.6 million in revenue for 2025, a 188% year-over-year increase, yet facing an operating loss of $69.3 million; the $302 million raised from the IPO will support its growth.
- Infleqtion's Neutral Atom Technology: Infleqtion debuted on February 17, 2026, raising over $550 million, with projected revenue growth from $32.5 million in 2025 to $40 million in 2026; despite a $35.3 million loss in 2025, its improved cost management indicates potential profitability.
- Horizon Quantum Software Strategy: Horizon went public on March 20, 2026, raising approximately $120 million, focusing on quantum computing software; although it reported no revenue in Q1 and an operating loss of $6.5 million, its Triple Alpha platform could capture significant market share in the future.
- Quantum Computing Market Outlook: As quantum computing technology evolves, these three companies are pursuing different technological paths; despite current unprofitability, their successful IPOs have attracted investor interest, signaling potential growth opportunities in the quantum computing sector.
See More
