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LG & Quantum Network join to enhance industry applications of quantum computing

ICT Value Chain Vendor

LG Electronics (LG) has joined the IBM Quantum Network to enhance quantum computing applications in the industry. LG will gain access to IBM’s quantum computing capabilities, as well as IBM’s quantum expertise and Qiskit, IBM’s open-source quantum information software development kit, by joining the IBM Quantum Network.

“Based on our open innovation strategy, we plan to use IBM Quantum to develop our competency in quantum computing,” said Kim Byoung-hoon, CTO and executive vice president of LG Electronics.

He added, “We aim to provide customers with value that they have not experienced so far by leveraging quantum computing technology in future businesses.”

“We’re happy to welcome LG Electronics to a growing quantum computing ecosystem in Korea at an exciting time for the region,” said Jay Gambetta, IBM Fellow and VP, Quantum Computing at IBM.

He added, “The relationship between IBM and LG Electronics will permit LG to explore new types of problems associated with emerging technologies and will help strengthen the quantum capabilities in Korea.”

LG intends to investigate quantum computing applications in any fields needing significant amounts of data processing, such as AI, connected automobiles, digital transformation, IoT, and robotics, using IBM Quantum technology.

According to IBM’s quantum roadmap, LG will be able to take advantage of quantum computing hardware, software, and applications as they become available. LG will be able to deliver workforce training to its staff using IBM Quantum technology, allowing LG to examine how possible breakthroughs might be achieved.

Quantum computing is a fascinating advancement in computing. While classical computers use bits to represent 0 and 1, quantum computers use qubits to solve problems that are fundamentally intractable for classical computers. Qubits harness quantum mechanical phenomena such as interference and entanglement to solve problems that are fundamentally intractable for classical computers. As a result, quantum computing is well adapted to assisting in the discovery of novel solutions to a variety of issues.

Quantum computing is being researched and explored by the IBM Quantum team and LG in a range of industries and fields, including finance, energy, chemistry, materials science, optimization, and machine learning, to name a few.


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