IONQ Inc. rose 11% in after-hours trading. The rally was driven by the announcement of a strategic partnership with Seoul-based quantum software firm SDT, Inc. to deploy an IonQ Superion 256 quantum computer and silicon-vacancy (SiV) quantum memory module to a customer in South Korea.
This deployment marks the first time IonQ's Superion 256 system and SiV quantum memory module will enter the South Korean market, representing a significant milestone in IonQ's Asia-Pacific commercialization push. SDT plans to build a dedicated quantum manufacturing and integration facility in Gumi, South Korea, to handle assembly, packaging, and commissioning of IonQ systems. Additionally, SDT will collaborate with IonQ on a hybrid quantum-classical infrastructure project for cancer and biomedical research. Financial terms were not disclosed.
The partnership adds to a series of positive catalysts for IonQ, including its raised full-year revenue guidance to $450-$460 million following the SkyWater Technology acquisition completed on July 31, well above the prior FactSet consensus of $289.7 million, as well as a $28 million DARPA contract add-on and the unveiling of the Superion 256 platform earlier in September.
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