StocksMedium•6 October 2026•
1 min read
Pasqal Leads €50M EU Q-PLANET Project for Quantum Chip Production
Key Facts
1Pasqal is coordinating the Q-PLANET project, co-funded by the EU, to develop industrial-grade quantum computing chip components.
2The project is backed by €50 million over three years and involves 28 partners across 11 European countries.
Pasqal is coordinating the Q-PLANET project, co-funded by the European Union, to develop industrial-grade quantum computing chip components, GlobeNewswire reported. The initiative is backed by a €50 million budget over three years and involves a consortium of 28 partners across 11 European countries to establish a pilot production line for advanced chips.
The project aims to strengthen Europe's quantum computing infrastructure and industrialize the production of advanced components such as atom chips and microfabricated vapor cells. In equity markets, PSQL closed at $6.19 on October 5, 2026, having traded between a day high of $6.23 and a day low of $5.96 during that session.