SemiQon
Overview
SemiQon is a Finnish quantum technology company that specializes in the development of silicon-based quantum processors. Founded in 2023 as a spin-out from the VTT Technical Research Centre of Finland, the company is headquartered in Espoo, Finland. SemiQon is focused on making quantum computers more affordable, scalable, and sustainable. To date, the company has secured significant funding, including €17.5 million ($18.3 million USD) from the European Innovation Council in 2025 to advance their cryogenic CMOS technology.
Recent Developments
- March 4, 2025: SemiQon announced it raised €17.5 million from the European Innovation Council to expedite its transition from a startup to a scale-up business. This funding is earmarked for the commercialization and further development of SemiQon's cryogenic CMOS product line.
- February 28, 2025: SemiQon entered into a strategic partnership with the University of Jyväskylä to enhance research efforts in silicon-based quantum computing.
- January 8, 2025: Forbes' newsletter "The Prototype" highlighted SemiQon's development of the world's first transistors engineered for optimal performance in cryogenic temperatures.
- November 26, 2024: SemiQon launched its first CMOS transistor specifically optimized for cryogenic operations, marking a significant step towards the scalability of quantum computing.
- January 2025: Business Finland's Deep Tech Accelerator selected SemiQon for grant funding targeted at market entry and international expansion, which raised its total funding to €24 million over the past 2.5 years.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | Espoo, Finland |
| Founders | Himadri Majumdar, Mika Prunnila, Janne Lehtinen, Markku Kainlauri |
| Revenue | Not disclosed |
| Profits | Not disclosed |
| Key Investors | European Innovation Council, Voima Ventures, Lunar Ventures |
| Industry | Quantum Computing |
| Number of Employees | Approximately 11-50 |
Early History
SemiQon was founded in early 2023 as a spin-off from VTT Technical Research Centre in Finland. Initially incubated at VTT’s Launchpad, it aimed to develop scalable and affordable quantum processors. By leveraging VTT's existing microelectronics and quantum technology capabilities, the team set out to transform the theoretical potential of quantum computing into practical applications, focusing on sustainability and scalability.
Company Profile and Achievements
SemiQon designs silicon-based quantum processors to make quantum computers more accessible and efficient. The company has focused on creating cost-effective solutions by integrating conventional semiconductor manufacturing processes with quantum technologies.
- 2024: Successfully manufactured the world's first CMOS transistors optimized for cryogenic temperatures.
- 2025: Received significant European Innovation Council funding, indicating EU support for its strategic importance in advancing the European quantum technology sector.
- Strategic Partnerships: Collaborated with academic institutions like the University of Jyväskylä to strengthen its research capabilities.
- Industry Recognition: Featured in Forbes for innovations in quantum transistor technology.
Current Operations and Market Position
SemiQon operates in the highly competitive field of quantum computing, where it faces competition from major tech firms as well as specialized startups. Its focus on silicon-based quantum processors using existing semiconductor infrastructure offers a key competitive edge by lowering production costs and energy requirements. The firm is poised for international expansion, with plans to increase its workforce and establish a presence in strategically significant markets such as North America.
Conclusion
SemiQon is a promising player in the quantum computing industry, making critical strides toward more scalable and efficient quantum computing solutions. The firm’s significant funding from European funding bodies underscores its potential impact on global quantum technology infrastructure. As it gears up for further commercialization and international market penetration, SemiQon appears set to become a key contributor to the next phase of quantum computing advancements.