Honeywell is collaborating with two quantum software providers, Zapata Computing and Cambridge Quantum Computing, who will help the company to find new ways to utilise its quantum computer.

Wolfe Research analyst Nigel Coe said the Honeywell unit offers a comparable business to IonQ Inc. a red-hot quantum-computing company that’s seen its share price jump about 226% this year.

Cambridge Quantum enters into an agreement with Honeywell Quantum Solutions to form a new quantum computing company Cambridge Quantum Computing (CQ), a pioneer in quantum software and algorithms, ...

SoftBank (SFTBY) and Quantinuum, 54% owned by Honeywell (HON), announced they agreed to a wide-ranging partnership in quantum computing. The companies said, “By combining their respective ...