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IonQ and UNM urge New Mexico to act quickly to anchor quantum industry with state partnerships
Summary
Executives from IonQ and University of New Mexico officials told the Senate Finance Committee New Mexico has existing lab and university assets and offered coinvestment, cluster siting on state land, and a navigation team to speed permits and retain graduates. They cited multibillion-dollar global opportunity estimates, existing federal and state awards, and urged urgent action to secure anchor tenants and workforce pipelines.
Albuquerque — Executives from IonQ and research leaders from the University of New Mexico told the Senate Finance Committee that New Mexico is well positioned to capture a large share of the nascent quantum computing industry — but only if the state moves quickly to create coordinated incentives, land and permitting certainty, and workforce pathways.
Philip Farah, vice president of strategic partnerships and sales for IonQ, said quantum is “transitioning from a lab concept to commercial reality,” and cited McKinsey estimates that the technology could add “$1 to $2 trillion” annually to global GDP by 2035. He said data from the industry projects a future workforce of 840,000 jobs, with roughly 250,000 created by 2035, and warned that early adopters will capture the bulk of economic value.
Farah described IonQ as a horizontally and vertically integrated company that combines computing, sensing and networking and offered the company as a potential "anchor tenant" for New Mexico if the state provides a workable package. "We are prepared to co-invest and engage in a…
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