IonQ stock is losing ground today due to news that the U.S. will implement more restrictive export limitations on artificial intelligence ( AI) chips. The company's share price is also falling in conjunction with recent comments from Meta Platforms CEO Mark Zuckerberg. But there is a bright spot for investors.

IonQ (IONQ) has signed a memorandum of understanding with the Busan Metropolitan Government in South Korea – the second largest city in South

The MOU underscores both parties' strategic alignment and highlights IonQ's commitment to accelerating the expansion of quantum in South Korea. IonQ has a history of strong partnerships in the region including work with Hyundai Motors, Sungkyunkwan University, Seoul National University, and the Quantum Information Research Support Center.