Quantinuum and Mitsubishi Electric announced the signing of a memorandum of understanding in Tokyo. The parties aim to accelerate the development of quantum applications for industrial engineering and design.
The document sets the framework for a strategic partnership in applied quantum computing. It focuses on exploring scenarios where quantum and hybrid methods can be beneficial in engineering processes, rather than launching a ready-made commercial product.
The initial focus areas include CAE tasks, such as computational fluid dynamics, as well as modeling and design using logical qubit operations on the Quantinuum platform.
Quantinuum will provide Mitsubishi Electric access to its ion-based quantum systems and expertise in developing quantum algorithms. Mitsubishi Electric will contribute applied competencies in electromagnetic field analysis, structural analysis, and thermohydrodynamic modeling. Potential application areas include industrial automation, energy, utility infrastructure, air conditioning systems, and building engineering systems.
The signed memorandum is non-binding — further joint projects and their commercial parameters will need to be agreed upon separately.
The deal highlights Mitsubishi Electric’s interest in the practical application of quantum computing. The company is part of a large industrial group comprising over 200 entities, employs around 150,000 people worldwide, and concluded the fiscal year on March 31, 2026, with consolidated revenue of 5,894.7 billion yen (approximately $36.8 billion).
This is not Mitsubishi Electric’s first project with Quantinuum. On February 27, 2025, the company signed a research agreement with Quantinuum K.K., Keio University, SoftBank, Mitsui & Co., YOKOHAMA National University, and LQUOM. At that time, the parties focused on connecting multiple quantum devices in a practical environment and scalable quantum information processing. The new memorandum shifts the collaboration closer to industrial application scenarios.
At the end of May, Quantinuum updated its initial public offering application with a price range of $45–50 per share, implying a market valuation of $11.43 billion–12.7 billion. Following the IPO, the company raised $1.68 billion and began trading on Nasdaq on June 5. At debut, Quantinuum’s value surged to $17.6 billion.
Today, Quantinuum officially begins trading on NASDAQ under the ticker symbol QNT.
Today’s milestone is the direct result of the dedication of our team, trust of our partners, and support of the entire quantum community.
Thanks to everyone who helped us reach this historic day. pic.twitter.com/nhJpF86y7E
— Quantinuum (@QuantinuumQC) June 4, 2026
In May, Quantinuum and energy giant BP initiated a joint project to apply quantum computing for subsurface exploration and mapping of the Earth’s interior.