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Quantum Computing, Inc. Announces Strategic Partnerships and Pre-Orders Ahead of 2025 Quantum Photonic Chip Foundry Opening

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Quantum Computing Inc. (QUBT) announces significant progress towards its quantum photonic chip foundry opening in Q1 2025. The company has launched a pilot program for thin film lithium niobate (TFLN) foundry services and secured two strategic MOUs: one with Spark Photonics Design for evaluation chip kits, and another with Alcyon Photonics for process design kits development. QCi is currently in negotiations with potential customers across North America, Europe, and Asia, expecting to finalize multiple orders for TFLN electro-optical modulator chips by year-end. The foundry will operate a 150 mm wafer line with front-end and packaging capabilities.

Quantum Computing Inc. (QUBT) annuncia progressi significativi verso l'apertura della sua fabbrica di chip fotonici quantistici nel primo trimestre del 2025. L'azienda ha avviato un programma pilota per servizi di fabbrica di niobato di litio con film sottile (TFLN) e ha siglato due memorandum d'intesa strategici: uno con Spark Photonics Design per kit di chip da valutazione e l'altro con Alcyon Photonics per lo sviluppo di kit di progettazione del processo. QCi è attualmente in trattative con potenziali clienti in Nord America, Europa e Asia, e si aspetta di finalizzare diversi ordini per chip modulatore elettro-ottici TFLN entro la fine dell'anno. La fabbrica funzionerà con una linea di wafer da 150 mm, dotata di capacità di front-end e imballaggio.

Quantum Computing Inc. (QUBT) anuncia avances significativos hacia la apertura de su fábrica de chips fotónicos cuánticos en el primer trimestre de 2025. La compañía ha lanzado un programa piloto para servicios de fábrica de niobato de litio en película delgada (TFLN) y ha asegurado dos memorandos de entendimiento estratégicos: uno con Spark Photonics Design para kits de chips de evaluación y otro con Alcyon Photonics para el desarrollo de kits de diseño de procesos. QCi está actualmente en negociaciones con clientes potenciales en América del Norte, Europa y Asia, con la expectativa de finalizar múltiples pedidos de chips moduladores electro-ópticos TFLN para fin de año. La fábrica operará una línea de obleas de 150 mm con capacidades de front-end y empaquetado.

Quantum Computing Inc. (QUBT)는 2025년 1분기에 양자 광학 칩 공장을 열기 위한 중요한 진전을 발표했습니다. 이 회사는 얇은 필름 리튬 나이오브산(TFLN) 공장 서비스에 대한 파일럿 프로그램을 시작했으며, 평가 칩 키트를 위한 Spark Photonics Design과 프로세스 설계 키트 개발을 위한 Alcyon Photonics와 두 개의 전략적 양해각서를 체결했습니다. QCi는 현재 북미, 유럽, 아시아 전역의 잠재 고객들과 협상 중이며, 연말까지 TFLN 전기광학 변조기 칩에 대한 여러 주문을 확정할 것으로 예상하고 있습니다. 이 공장은 150mm 웨이퍼 라인을 운영하며, 전면 및 패키징 기능을 갖추고 있습니다.

Quantum Computing Inc. (QUBT) annonce des progrès significatifs vers l’ouverture de sa fonderie de puces photoniques quantiques prévue pour le premier trimestre de 2025. L’entreprise a lancé un programme pilote pour des services de fonderie de niobate de lithium en film mince (TFLN) et a sécurisé deux accords de partenariat stratégiques : l’un avec Spark Photonics Design pour des kits de puces d’évaluation et l’autre avec Alcyon Photonics pour le développement de kits de conception de processus. QCi est actuellement en négociations avec des clients potentiels en Amérique du Nord, en Europe et en Asie, et s’attend à finaliser plusieurs commandes de puces modulateurs électro-optiques TFLN d’ici la fin de l’année. La fonderie fonctionnera avec une ligne de wafers de 150 mm, dotée de capacités de front-end et d'emballage.

Quantum Computing Inc. (QUBT) gibt bedeutende Fortschritte in Richtung Eröffnung seines Quanten-Photonik-Chip-Werks im ersten Quartal 2025 bekannt. Das Unternehmen hat ein Pilotprogramm für Dünnfilm-Lithium-Niobat (TFLN) Werkstattdienstleistungen gestartet und zwei strategische Memoranden of Understanding (MoUs) unterzeichnet: eines mit Spark Photonics Design für Evaluierungs-Chip-Kits und ein weiteres mit Alcyon Photonics zur Entwicklung von Prozessdesign-Kits. QCi befindet sich derzeit in Verhandlungen mit potenziellen Kunden in Nordamerika, Europa und Asien und erwartet, bis zum Jahresende mehrere Bestellungen für TFLN elektro-optische Modulatorchips abzuschließen. Das Werk wird eine 150-mm-Wafer-Linie mit Front-End- und Verpackungsfähigkeiten betreiben.

Positive
  • Secured two strategic MOUs with Spark Photonics Design and Alcyon Photonics
  • Advanced negotiations for multiple TFLN chip orders across three continents
  • On track for Q1 2025 foundry opening with 150 mm wafer line capabilities
  • Technology recognized as a 'hot topic' for 2025 by NVIDIA
Negative
  • No current revenue from foundry operations as facility is not yet operational
  • Significant capital expenditure required for foundry construction and equipment installation

Insights

The announcement represents a significant strategic positioning in the quantum computing and photonics sector. The establishment of MOUs with Spark Photonics Design and Alcyon Photonics creates a robust foundation for QCi's TFLN foundry services launch in Q1 2025. The partnerships strategically address both technical development and market access needs.

The focus on thin film lithium niobate (TFLN) technology is particularly noteworthy, as it's been identified as a key growth area by industry leader NVIDIA. The technology's potential for energy efficiency and performance improvements in quantum computing, AI and data center connectivity positions QCi well in multiple high-growth markets.

However, investors should note that while pre-orders and partnerships are promising indicators, the company's 120.6M market cap suggests significant execution risks. Revenue impact won't materialize until after the foundry becomes operational in 2025, making this a speculative long-term play in the quantum computing space.

HOBOKEN, N.J., Oct. 30, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, is pleased to announce significant progress as it approaches the final commissioning of its quantum photonic chip foundry, set to open in Q1 2025. In September, QCi launched a pilot program aimed at securing sales orders from early adopters for its thin film lithium niobate (TFLN) foundry services and establishing a unified ecosystem for producing high-performance and energy efficient photonic integrated circuits (PICs) and nanophotonic devices.

Led by Drs. Pouya Dianat and Milan Begliarbekov, QCi has made substantial strides in driving commercial activities for its products and PIC foundry services. These ongoing activities have led to the Company's engagement in contract and technical negotiations with several key partners and customers across North America, Europe, and Asia, with expectations to finalize multiple orders for QCi's TFLN electro-optical modulator chips by the end of the year.

In line with its long-term goals for strategic collaboration in PIC design, manufacturing, testing, and packaging, QCi has executed two memorandums of understanding (MOUs) with prominent partners. The first MOU has been established with Spark Photonics Design, Inc., a leading U.S.-based provider of PIC solutions. This partnership aims to enable the introduction of evaluation chip kits in 2025, providing potential customers with the opportunity to sample QCi Foundry chips for educational and testing purposes.

Additionally, QCi has established a second MOU with Alcyon Photonics, a European-based photonics design company. Together, these partnerships represent a significant advancement for QCi in facilitating the development of process design kits (PDKs) and design services, reinforcing the Company's commitment to achieve global reach with customers utilizing its TFLN fab line.

"The early engagement from strategic partners and customers, such as these, underscores our confidence in the strong growth potential for our photonic chips and highlights the global market interest in the TFLN capabilities of our foundry," stated Dr. William McGann, Chief Executive Officer (CEO) of QCi. "This positive response reflects the increasing market demand for TFLN technology, which promises substantial performance advantages and energy cost savings across applications in photonic-based quantum computing, defense, artificial intelligence (AI), and data center connectivity and optical interconnects."

This announcement follows the recent public unveiling of the QCi Foundry and its services during Dr. Dianat's presentation at the Optica Photonic-Enabled Cloud Computing (PECC) Industry Summit. The event showcased the promising future of TFLN technology, which has been recognized as a "hot topic" for 2025 by NVIDIA, further emphasizing its growth potential in the telecom and datacom landscape.

As QCi approaches the final phase of construction and capital equipment installation for its foundry, the Company continues to engage with various customers to build strategic partnerships and capture pre-orders. The QCi Foundry, which is anticipated to be fully operational in early 2025, will have both front end and packaging capabilities for a 150 mm wafer line, as well as the ability to design, simulate, and characterize optoelectronic devices.

For more information about QCi's Foundry or to discuss collaboration opportunities with QCi and its foundry services, please visit the QCi Foundry webpage.

QCi (PRNewsfoto/Quantum Computing Inc.)

About Quantum Computing Inc.

Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technology and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, cybersecurity, as well as remote sensing applications.

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SOURCE Quantum Computing Inc.

FAQ

When will Quantum Computing Inc. (QUBT) open its quantum photonic chip foundry?

Quantum Computing Inc.'s quantum photonic chip foundry is set to open in Q1 2025.

What strategic partnerships has QUBT announced for its foundry operations?

QUBT has announced MOUs with Spark Photonics Design for evaluation chip kits and Alcyon Photonics for process design kits development.

What type of wafer line will QUBT's foundry operate?

QUBT's foundry will operate a 150 mm wafer line with both front end and packaging capabilities.

What technology is QUBT's foundry focusing on?

The foundry focuses on thin film lithium niobate (TFLN) technology for producing photonic integrated circuits and nanophotonic devices.

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