Honeywell International Inc. (HON.US) plans to establish a research and development center under its subsidiary Quantinuum, causing a surge in the stock prices of US quantum computing companies.

Honeywell International Inc.'s Quantum Software division Quantumannounced the establishment of a new research and development center in New Mexico, and quantum computing stocks on the US stock market surged in response. Quantinuum stated that the planned center will focus on photonics technology, which will help advance ion trap quantum computing technology. Quantinuum President and CEO Rajeeb Hazra said, "As a leader in the field of quantum computing, Quantinuum has found an ideal partner in New Mexico. The state's vibrant technology ecosystem and highly skilled workforce align perfectly with our strategic goals." It was previously reported that Quantinuum will receive an investment of 800 million dollars, with 210 million dollars allocated by the state government, 220 million dollars allocated by the federal government, and an additional 350 million dollars from quantum companies investing in the state. Following the announcement, Honeywell International Inc. saw a 1.1% increase in its stock price, while other quantum computing stocks surged, with Arqit Quantum (ARQQ.US) rising by 9%, IonQ Inc (IONQ.US) and Quantum Computing (QUBT.US) rising by nearly 17%, D-Wave Quantum (QBTS.US) rising by over 19%, and Rigetti Computing (RGTI.US) skyrocketing by 42%.