IQM Calls on EU to Expand Quantum Chip Production

Finnish quantum computer manufacturer IQM Quantum Computers on November 3, 2026, presented proposals for the development of the European Union's quantum industry. The company called for the creation of specialized chip manufacturing, increased capital availability for technology companies, and accelerated government funding for projects.

The initiatives were published ahead of the anticipated presentation of the European Quantum Technology Act (EU Quantum Act). IQM believes that the document should help the region expand industrial production and commercial application of quantum developments.

According to the company's estimates, EU government investments in quantum technologies have reached approximately $10 billion, second only to China. According to consulting firm McKinsey, Europe accounts for about 44% of global patents in this field. Additionally, the region has 21 national quantum installations at high-performance computing centers compared to 2 in the US.

European companies lack capital for growth

Despite a developed research infrastructure, European developers attract significantly less private investment than their American counterparts. According to data presented by IQM, up to and including 2024, EU companies received just over 12% of disclosed global quantum industry funding, while the US accounted for 44%.

IQM warns that a lack of late-stage capital could lead to European companies falling under the control of foreign investors. Along with stakes in such enterprises, new owners gain influence over management and rights to intellectual property.

To address the issue, the manufacturer proposes creating a large European investment mechanism capable of financing companies after initial capital raising rounds.

Another direction should be the development of domestic quantum processor manufacturing. IQM suggests launching industrial capacities in the 2030s and including such enterprises among the strategic projects of the updated European Chips Act 2.0.

The company also advocates for revising government procurement based on the model of the US Defense Advanced Research Projects Agency (DARPA), which provides for joint technology development with funding as established results are achieved.

IQM pays particular attention to the timing of government aid approvals. According to the company, approval of large technological projects in the EU can take over a year, whereas comparable procedures in Singapore take 4–6 months.

The European Commission plans to present the EU Quantum Act in 2026. The legislative initiative is expected to cover the development of research, industrial infrastructure, and supply chains. For now, IQM's proposals remain the company's position, and their possible inclusion in the final document has not been confirmed.