IBM to Acquire HRL Laboratories to Expand Quantum Computing Research

Insider Brief

IBM has signed an agreement to acquire HRL Laboratories to expand its quantum computing research capabilities through HRL’s expertise in silicon-spin qubit engineering, sensing, and advanced materials.

HRL’s researchers and technologies will complement IBM’s existing superconducting qubit efforts while supporting work across quantum computing, quantum sensing, and quantum networking.

Boeing and General Motors, HRL’s current owners, will continue collaborating with IBM on quantum applications and advanced technology development after the acquisition.

Press release – IBM (NYSE: IBM) today announced it has signed a definitive agreement to acquire HRL Laboratories, LLC (HRL), a flagship research and development institution. HRL is a private company jointly owned by Boeing and General Motors. Both Boeing and GM will continue to partner with IBM on quantum applications and advanced technology development following the transaction.