# Honeywell to form quantum computing joint venture with Cambridge Quantum Computing

Honeywell will own a majority stake in a new quantum computing joint venture with Cambridge Quantum Computing, investing $270 million to $300 million after the deal closes in Q3 2021. The combined company will have over 300 employees.

- Type: Partnership
- Announced: 2021-06-09
- Where: United States
- Value: $285.0M
- Jobs: 300
- Status: announced
- Capacity: 750 million gloves per year
- Products: quantum computing solutions
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Honeywell](https://endata.com/companies/621.md)
- [Honeywell](https://endata.com/companies/621.md) (partner)
- [Trane Technologies](https://endata.com/companies/6465.md) (partner)
- [Premier](https://endata.com/companies/9258.md) (partner)
- [Cambridge Quantum Computing](https://endata.com/companies/55506.md) (partner)

## Sources

- [bizjournals.com](https://www.bizjournals.com/charlotte/news/2021/06/09/honeywell-takes-majority-stake-in-computing-ventur.html), 2021-06-09: "Honeywell will also invest $270 million to $300 million in the joint venture with Cambridge Quantum Computing after the agreement is consummated in the third quarter."
- [prnewswire.com](https://www.prnewswire.com/news-releases/honeywell-continues-transition-to-next-generation-refrigerant-in-collaboration-with-trane-technologies-301321771.html), 2021-06-29: "As a global climate innovator who is leading the industry transition to next-generation refrigerants, we have invested more than $500 million to identify safe, sustainable options."
- [stocktitan.net](https://www.stocktitan.net/news/HON/honeywell-and-premier-inc-collaborate-to-expand-u-s-production-of-7gfk1l3e8l1b.html), 2021-07-13: "This new collaboration is expected to produce at least 750 million domestically made nitrile exam gloves in the first year alone."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.