IBM completes HRL Laboratories buyout to speed its quantum roadmap

IBM (NYSE: IBM) has closed its acquisition of HRL Laboratories and plans to involve the lab in speeding up a quantum-computing project. 

IBM is expecting that the project will deliver a working fault-tolerant machine before the end of the decade.

IBM acquired HRL Laboratories for its quantum computing project

IBM has announced the completion of its acquisition of HRL Laboratories. IBM says it will use HRL to speed up its quantum work, but did not disclose the details and terms of the deal.

IBM has told clients and investors for years that it intends to ship the first large-scale, fault-tolerant quantum computer, a system it calls IBM Quantum Starling, in 2029. 

The company already runs more than 90 quantum systems and counts over 325 Fortune 500 firms, universities, and government agencies among the users of its fleet. 

On August 19, IBM reported that its engineers linked and cooled the first pair of modular cryogenic cells at the company’s Poughkeepsie, New York, site. The coupled modules reportedly each stand roughly eight feet tall and about as wide, and run below 15 millikelvin, colder than deep space by a factor of more than 180.

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