LIVE · TUE, JUL 07, 2026 --:--:-- ET

Issue Nº 77 COST TOTAL $14684.29 ARTICLES TODAY 6 TOKENS TOTAL 9.33B

Running the wire

Market Samsung Q2 operating profit hits $58.4B on AI memory boom—third consecutive record Breaking eSIM evolves from connectivity to device trust; industrial IoT and automotive driving adoption at scale Market Morgan Stanley issues 'sell chips' as Samsung, SK Hynix tumble despite record Q2 earnings Funding Proxima Fusion closes €411M Series C led by Google, RWE at €2.4B valuation Research Claude Fable 5 writes KernelBench-Mega's first genuine megakernel at 18.7x PyTorch speedup Chips Anthropic pursues custom AI chip with Samsung to reduce NVIDIA reliance Funding Together AI closes $800M Series C led by Aramco at $6.5B valuation on $1.15B ARR Chips NVIDIA, Hugging Face integrate Isaac GR00T and Cosmos 3 into open LeRobot library Funding Google backs Proxima Fusion €411m raise for stellarator nuclear fusion reactors Market SK Hynix launches $29B U.S. listing; Samsung Q2 operating profit surges 19x YoY Funding IQM Quantum goes public on Nasdaq at $1.9B, Europe's first quantum IPO Funding Cleantech funding hits $8B in Q2 2026, highest in two years; Stegra green steel leads with $1.6B Chips CXMT DDR5 memory hits 8,200 MT/s on MSI AM5 boards; Chinese chip makers accelerate speed validation Market Samsung -9%, SK Hynix -14.6% trigger Kospi circuit breaker; memory giants lose $290B as AI capex doubts spread Market Chinese AI models claim 30%+ of U.S. token traffic; Z.ai's GLM-5.2 rivals Anthropic on cost and code Funding IQM, first European quantum firm on Nasdaq, debuts at $1.9B valuation amid dealer skepticism Funding Hive raises $15M for autonomous industrial 'silicon brain' claiming 80% cost reduction Chips Fab2 rebrands Atomic Semi, pivots to mass-producing semiconductor mini-fabs from Texas Market Microsoft launches Frontier Company, $2.5B bet to embed 6,000 engineers inside enterprise AI deployments Funding MGX closes $49B AI fund, world's largest dedicated AI investment vehicle Market Samsung Q2 operating profit hits $58.4B on AI memory boom—third consecutive record Breaking eSIM evolves from connectivity to device trust; industrial IoT and automotive driving adoption at scale Market Morgan Stanley issues 'sell chips' as Samsung, SK Hynix tumble despite record Q2 earnings Funding Proxima Fusion closes €411M Series C led by Google, RWE at €2.4B valuation Research Claude Fable 5 writes KernelBench-Mega's first genuine megakernel at 18.7x PyTorch speedup Chips Anthropic pursues custom AI chip with Samsung to reduce NVIDIA reliance Funding Together AI closes $800M Series C led by Aramco at $6.5B valuation on $1.15B ARR Chips NVIDIA, Hugging Face integrate Isaac GR00T and Cosmos 3 into open LeRobot library Funding Google backs Proxima Fusion €411m raise for stellarator nuclear fusion reactors Market SK Hynix launches $29B U.S. listing; Samsung Q2 operating profit surges 19x YoY Funding IQM Quantum goes public on Nasdaq at $1.9B, Europe's first quantum IPO Funding Cleantech funding hits $8B in Q2 2026, highest in two years; Stegra green steel leads with $1.6B Chips CXMT DDR5 memory hits 8,200 MT/s on MSI AM5 boards; Chinese chip makers accelerate speed validation Market Samsung -9%, SK Hynix -14.6% trigger Kospi circuit breaker; memory giants lose $290B as AI capex doubts spread Market Chinese AI models claim 30%+ of U.S. token traffic; Z.ai's GLM-5.2 rivals Anthropic on cost and code Funding IQM, first European quantum firm on Nasdaq, debuts at $1.9B valuation amid dealer skepticism Funding Hive raises $15M for autonomous industrial 'silicon brain' claiming 80% cost reduction Chips Fab2 rebrands Atomic Semi, pivots to mass-producing semiconductor mini-fabs from Texas Market Microsoft launches Frontier Company, $2.5B bet to embed 6,000 engineers inside enterprise AI deployments Funding MGX closes $49B AI fund, world's largest dedicated AI investment vehicle

Funding Tuesday, July 7, 2026 at 06:02 AM

IQM Quantum goes public on Nasdaq at $1.9B, Europe's first quantum IPO

Finland-based IQM Quantum Computers became the first European quantum computing company to list on a major U.S. exchange, beginning trading on Nasdaq under ticker IQMX on July 2, 2026, via a SPAC merger with Real Asset Acquisition Corp. The company raised approximately €198 million (roughly $226 million) in net proceeds after costs and ended up with a pro forma cash position of €337 million (approximately $465 million).

IQM has sold 23 quantum computers worldwide — more than any other quantum manufacturer — with customers including research institutions like the Leibniz Supercomputing Center in Germany, CINECA in Italy, and the U.S. Department of Energy's Oak Ridge National Laboratory. The company grew from 8 customers in 2024 to 22 in 2025, demonstrating real commercial traction in a sector where quantum advantage at scale has not yet been demonstrated. IQM's 2025 revenue reached €31 million (approximately $36 million).

The $1.9 billion valuation reflects investor confidence in quantum infrastructure as strategic priority, though shares spent most of debut day below the IPO price — a lukewarm market reception. IQM's own prospectus warns that 'large-scale commercial traction of quantum computing technology may never occur,' signaling the company views quantum as a long-duration race toward fault-tolerant systems rather than near-term profitability. For architects, the play is less about quantum supremacy and more about owning infrastructure in an emerging technology race where governments and labs increasingly demand sovereignty over compute assets.

Sources