IQM, the European first quantum company listed on the New York Stock Exchange, will deliver a supercomputer to the Lumi AI factory in eastern Finland.IQM has so far sold 23 quantum computers Image: IQMYle News13:10Finnish tech firm IQM has won the Lumi AI factory's competition for a quantum computer. The project, dubbed Lumi-IQ, has a budget of 40 million euros, of which IQM's share is 33 million euros.Last week, IQM became the first European quantum company to be listed on the New York stock exchange.The order is the second-largest in the IQM's history, and bigger than its total turnover last year, around 31 million euros.The Lumi AI factory in Kajaani is the EU's largest of its kind. It aims to combine high-performance computing, quantum computing and artificial intelligence. It's operated by CSC – IT Center for Science, which in turn is owned by the Finnish state and several universities.Pekka Manninen, Director of Science and Technology at CSC, says that the supercomputer ordered from IQM will be used to seek applications where quantum computing is more efficient than current supercomputers."A true quantum benefit, i.e., a use case where quantum computing would be more efficient than a normal supercomputer, has not yet been fully demonstrated," he points out.The new supercomputer will cost 390 million euros. It will complement another new supercomputer called Lumi AI, which is expected to cost 390 million euros. News about the supplier of that device is expected to be announced soon.Finland contributing up to €250mLumi-AI and Lumi-IQ will join the existing Lumi and Roihu supercomputers at the AI ​​factory. Installation of the new equipment is to begin next summer, with operations to begin in late 2027.The entire AI factory project is set to cost over 612 million euros, with the EU footing half of the bill.The Finnish state will contribute up to a quarter of a billion euros. The other member countries of the consortium are the Czech Republic, Denmark, Estonia, Norway and Poland."Overall, this is a pretty big deal for the national economy," says CSC Managing Director Kimmo Koski."Every euro invested in high-performance computing over the past five years has paid itself back twentyfold in various forms. Many companies and researchers are able to do things that they wouldn't be able to do without these investments," he tells Yle.The Kajaani AI factory began operations last year.