2024-10-01 17:55:10
Technology
Business

Scholz's Landmark Visits: Quantum Computing and Würth's Legacy

Image courtesy of : AFP (SILAS STEIN)

Chancellor Olaf Scholz marked significant milestones in Germany's technological and industrial landscape with key visits to IBM and Würth. In Ehningen, Scholz inaugurated IBM's first European quantum computing center. This cutting-edge facility aims to revolutionize various fields such as material sciences, high-energy physics, and sustainable energy solutions. IBM has invested 290 million euros into this project, which stands as a testament to Germany's ambition to become a hub for quantum technology. This center will serve major corporations like Volkswagen and Bosch, and is expected to drive advancements in encryption, artificial intelligence, and complex system simulations. Scholz underscored the importance of quantum computing and related industries like semiconductors and biotechnology for Germany's future.

Following the high-tech engagement, Scholz celebrated the remarkable career of Reinhold Würth in Künzelsau. Würth, the 89-year-old magnate of the Würth Group, was honored for his 75 years of service. Starting his career at the tender age of 14 in his father's screw business, Würth transformed the company into a global leader in fastening and assembly technology. The Würth Group now boasts over 88,500 employees worldwide and generated sales exceeding 20 billion euros in 2023. In a heartfelt ceremony, Scholz praised Würth's contributions to the industry and his enduring legacy. Würth announced he would hand over the supervisory board chairmanship to his grandson Benjamin in 2025, while remaining as honorary chairman.

These visits highlighted Germany's commitment to innovation and celebrated the achievements of its industrial pioneers. Scholz's engagements at IBM and Würth underline the nation's strategic investments in technology and its recognition of foundational industry leaders.

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Chancellor Scholz opens a quantum computing center at IBM in Ehningen in the Böblingen district, participates in a panel discussion and talks to employees. Afterwards, he visits Würth in Künzelsau in the Hohenlohe district and gives a speech there for the 89-year-old entrepreneur Reinhold Würth, who is celebrating his 75th work anniversary. The Würth Group employs more than 88,500 people worldwide, 27,000 of them in Germany, and will generate sales of over 20 billion euros in 2023.
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