Tuesday, March 3, 2020

Attention Atos (Groupe Bull): "Honeywell says it will soon launch the world’s most powerful quantum computer" (HON; BULL)

Time to get the band back together again.*
From TechCrunch:
“The best-kept secret in quantum computing.” That’s what Cambridge Quantum Computing (CQC) CEO Ilyas Khan called Honeywell‘s efforts in building the world’s most powerful quantum computer. In a race where most of the major players are vying for attention, Honeywell has quietly worked on its efforts for the last few years (and under strict NDA’s, it seems). But today, the company announced a major breakthrough that it claims will allow it to launch the world’s most powerful quantum computer within the next three months.

In addition, Honeywell also today announced that it has made strategic investments in CQC and Zapata Computing, both of which focus on the software side of quantum computing. The company has also partnered with JPMorgan Chase to develop quantum algorithms using Honeywell’s quantum computer. The company also recently announced a partnership with Microsoft.

Honeywell has long built the kind of complex control systems that power many of the world’s largest industrial sites. It’s that kind of experience that has now allowed it to build an advanced ion trap that is at the core of its efforts....
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*Here's part of a capsule history of Bull including the hookup with Honeywell at Le site de la Fédération des Equipes Bull but before Atos took control:
....BULL computers chronological history
*****
12 May 1975
Announcement by the French Government (Michel d'Ornano, minister of Industry) of the merger between CII and Honeywell-Bull. CII-HB territories include Europe (except UK and Italy), Latin America, French speaking Africa and Eastern countries. CII-HB and Honeywell have cross-distribution agreements for all products. There is  a free cross-license agreement between companies. Future products will be coordinated by a Technical Committee. The French government guarantees to give Bull R&D subsidies and preferred orders for a period of 4 years. Personnel transfers between CII and CII-HB concerns 5000 people.
The Toulouse's plant of CII and its minicomputer activities are not part of the deal and are transferred to Thomson.
Honeywell gets $50M cash and the guarantee of money-back in case of nationalization of CII-HB ( a claim from the left parties since 1972) as well as opt-out rights in case of disagreements on CII-HB's management.
1975
The initial organization of CII-HB includes R Gest (ex-CII) as responsible for sales in France and Central Planning, Jack Petersen as head of engineering and manufacturing and Maxime Bonnet as responsible for International sales.
1 Nov 1975
Creation of Compagnie CII-Honeywell-Bull where Honeywell keeps 47% of shares instead of 66%). Compagnie des Machines Bull, a French company owns 53%. CMB is a holding company where CGE and the French Government are main shareholders (20% each)

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Alternatively, Atos rounds up $115 bil. and buys HON.