- LG Electronics joins the IBM Quantum Network to advance industrial applications of quantum computing.
- With IBM Quantum, LG can take advantage of quantum computing hardware and software advances and applications as they emerge.
- The IBM Quantum Network is a community of some 170 companies that work with IBM to advance research and development in quantum computing.
As the use cases and applications of quantum computing continue to be developed, LG Electronics (LG) has joined the IBM Quantum Network. LG hopes to work with IBM to advance industrial applications of quantum computing.
Through the network, LG will now be able to leverage IBM’s quantum computing systems, as well as IBM’s quantum expertise and Qiskit, IBM’s open-source quantum information software development kit.
Interestingly, this isn’t LG’s first approach to quantum computing. In early 2021, LG announced a multi-year research collaboration with Qu&Co to develop and test quantum algorithms for multiphysics simulations.
One of Europe’s leading developers of quantum computing software, Qu&Co software will enable enterprise researchers to run complex chemical and multiphysics simulations on future quantum processors with unprecedented accuracy and speed.
Known for its electronic products, LG aims to explore quantum computing applications in industry to support big data, artificial intelligence, connected cars, digital transformation, IoT and robotics applications, which all require the processing of a large amount of data.
“Based on our open innovation strategy, we plan to use IBM Quantum to develop our skills in quantum computing. Our goal is to provide customers with value they have not experienced before by leveraging quantum computing technology in future businesses,” said Byoung-Hoon Kim, CTO and Executive Vice President of LG Electronics.
With IBM Quantum, LG can take advantage of quantum computing hardware and software advances and applications as they emerge, in line with IBM’s quantum roadmap. Leveraging IBM Quantum technology, LG will provide training to its employees, allowing LG to study how potential breakthroughs can be applied to its industry.
For Jay Gambetta, IBM Fellow and Vice President, Quantum Computing at IBM, “the relationship between IBM and LG Electronics will allow LG to explore new types of problems associated with emerging technologies and help build quantum capabilities in Korea.”
The quantum network
the IBM Quantum Network is a community of some 170 companies, including Fortune 500 companies as well as academic institutions, startups and national research labs that work with IBM to advance quantum computing research and development. Some of the members that are part of the network include Toyota, Samsung, Sony, Boeing, MIT and other universities around the world.
The IBM Quantum team and clients research and explore how quantum computing will help a variety of industries and disciplines, including finance, energy, chemistry, materials science, optimization and l machine learning, among many others.
Quantum computing is an exciting evolution of computation. While classical computers compute in bits which represent 0 and 1, quantum computers use qubits which exploit quantum mechanical phenomena such as interference and entanglement in computation to solve problems which are fundamentally unsolvable for classical computers.
Therefore, quantum computing is well suited to help explore new approaches to solving problems such as those in LG Electronics’ open innovation strategy, including big data, artificial intelligence, connected cars, transformation digital, IoT and robotic applications.
At the IBM Quantum Summit in November 2021, IBM recently unveiled its new “Eagle” quantum computing processor with 127 qubits, a major step forward in IBM’s roadmap to achieve Quantum Advantage.