By Kelly Cloonan
Shares of IonQ climbed after the company signed a distributor agreement with Toyota Tsusho, expanding its quantum computing market to Japan.
The stock rose 7% to $27.36 on Wednesday. Shares have more than tripled over the past 12 months.
IonQ on Wednesday said the Toyota Group affiliate will introduce IonQ's quantum computing and networking technologies to its extensive Japanese customer base, which spans industries from automotive to emerging technologies.
IonQ has already signed its first local deal through Toyota Tsusho's customer network, Chief Executive Niccolo de Masi said.
The agreement reinforces IonQ's commitment to advancing quantum computing globally, the company said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 23, 2025 11:34 ET (15:34 GMT)
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