Quantum Computing, Inc. Enters Final Stage of Commissioning Quantum Photonic Chip Foundry in Tempe, Arizona
Rhea-AI Summary
Quantum Computing Inc. (QUBT) has entered the final stage of commissioning its quantum photonic chip foundry in Tempe, Arizona. The foundry, initially announced in September 2023, will focus on processing thin film lithium niobate (TFLN) to produce high-performance optical components and photonic integrated circuits (PICs). These chips will serve as essential optical engines for photonic-based quantum computers, secure quantum communications, and 3.2Tbps data rates for datacom.
The QCi Foundry is set to be the first US-based semiconductor foundry of its kind, enhancing capabilities and capacity of TFLN devices. It will meet the growing demand for rapid prototyping and scalable production of PICs. The foundry's anticipated grand opening is set for Q1 2025, with early access offered to customers at favorable rates. Initial wafer runs will focus on custom runs for selected clients, with plans for a multi-project wafer (MPW) run available in the second half of 2025.
Positive
- QCi is entering the final stage of commissioning its quantum photonic chip foundry, indicating progress towards operational readiness
- The foundry will be the first US-based semiconductor foundry of its kind, potentially giving QCi a competitive advantage
- QCi's proprietary TFLN processing technology aims to provide customers with reliable integration of TFLN photonic engines
- The company plans to offer early access to customers at favorable rates, which could drive initial adoption and revenue
Negative
- The foundry's grand opening is not until Q1 2025, meaning potential revenue from this project is still some time away
- Multi-project wafer runs won't be available until the second half of 2025, potentially limiting initial production capacity
News Market Reaction
On the day this news was published, QUBT declined 0.88%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
QCi Director of PIC and Foundry Service, Dr. Pouya Dianat, will formally introduce this first-of-its-kind foundry and its services during his presentation at the Optica Photonic-Enabled Cloud Computing (PECC) Industry Summit on October 23, 2024, in
"The QCi Foundry will be the first US-based semiconductor foundry of its kind, set to enhance the capabilities and capacity of TFLN devices. These innovations will also pave the way for advancements and applications in national defense and technology," states Dr. Dianat. "Additionally, the foundry will meet the growing demand and market needs for rapid prototyping and scalable production of photonic integrated circuits. QCi's proprietary TFLN processing technology will provide customers with the agility and confidence necessary for the reliable, seamless integration of TFLN photonic engines into their product lines and offerings."
The QCi Foundry has moved into its final phase of construction and capital equipment installation, with an anticipated grand opening set for Q1 2025. As part of its launch strategy, QCi will offer early access to customers and early adopters at favorable rate and terms. The Company's initial wafer runs will focus on custom runs for selected clients, with plans for a multi-project wafer (MPW) run available in the second half of 2025.
For more information about QCi's photonic chip foundry or to discuss ways of collaborating with QCi and its foundry services, please visit the QCi Foundry webpage.
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
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