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IonQ, based in College Park, Maryland, is developing a quantum processor to expedite cancer treatment development and potentially disrupt online security. The project is part of Maryland's $1 billion initiative to establish a quantum industry hub.

Quantum computers could outperform classical systems in complex analysis, but they also risk breaking encryption protecting sensitive data. Maryland aims to leverage its proximity to key government agencies and a skilled workforce to lead in quantum technology. Despite setbacks, including IonQ's decision to establish a new hub in Tennessee, state officials continue to invest in quantum research to enhance economic growth.