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

Insights

Tech Expert

QCi's announcement marks a significant milestone in the quantum computing and photonics industry. The commissioning of their TFLN foundry in Tempe positions them as a pioneer in U.S.-based quantum photonic chip production. This development is important for several reasons:

• It addresses the growing demand for high-performance optical components and PICs essential for quantum computing and AI applications.
• The focus on TFLN technology could lead to substantial improvements in photon efficiency, a critical factor in quantum operations.
• By offering early access and favorable terms, QCi is strategically positioning itself to capture market share and establish partnerships in this emerging field.

However, investors should note that the full impact of this development may not be immediate. The grand opening is slated for Q1 2025, with multi-project wafer runs not available until H2 2025. This timeline suggests that significant revenue generation from the foundry might be a mid-term prospect. The success will largely depend on QCi's ability to deliver on its promises of superior performance and scalability in TFLN processing.

Market Research Analyst

From a market perspective, QCi's move is well-timed. The quantum computing market is projected to grow significantly, with some estimates suggesting a 25% CAGR through 2030. By establishing this foundry, QCi is positioning itself to capitalize on several key trends:

• Increased demand for quantum technologies in national defense and cybersecurity.
• The push for faster data processing capabilities to support AI and machine learning advancements.
• A growing need for U.S.-based semiconductor manufacturing to reduce reliance on foreign suppliers.

However, with a current market cap of about $102 million, QCi is still a relatively small player. The success of this venture could significantly impact the company's valuation, but it also carries risks. Investors should monitor the company's ability to meet its timeline, secure key customers and demonstrate the superiority of its TFLN technology in real-world applications.

HOBOKEN, N.J., Oct. 22, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, is pleased to announce that the Company has reached the final stage of commissioning its quantum photonic chip foundry in Tempe, Arizona. Initially announced in September 2023, the QCi Foundry will focus on processing thin film lithium niobate (TFLN) to produce high-performance optical components and photonic integrated circuits (PICs). These photonic chips will serve as essential optical engines for photonic-based quantum computers, secure quantum communications, and 3.2Tbps data rates for datacom, driven by the increasing demands of artificial intelligence (AI) and enabling the future of integrated photonics.

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 Sunnyvale, California. At the summit, Dr. Dianat will discuss how QCi's key technological advantage lies in its precision etching of TFLN, which minimizes the loss of photons in a PIC, alongside wafer-scale production capabilities for TFLN optical components such as electro-optic modulators and waveguides. This commitment ensures successful volume production from early stages of prototyping.

"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

When is the anticipated grand opening of QCi's quantum photonic chip foundry?

The anticipated grand opening of Quantum Computing Inc.'s (QUBT) quantum photonic chip foundry in Tempe, Arizona is set for Q1 2025.

What will QCi's foundry focus on producing?

QCi's foundry will focus on processing thin film lithium niobate (TFLN) to produce high-performance optical components and photonic integrated circuits (PICs) for quantum computers, secure quantum communications, and high-speed datacom.

When will QCi (QUBT) offer multi-project wafer runs at its new foundry?

Quantum Computing Inc. (QUBT) plans to offer multi-project wafer (MPW) runs at its new foundry in the second half of 2025.

What is the significance of QCi's quantum photonic chip foundry in Tempe, Arizona?

QCi's foundry in Tempe, Arizona will be the first US-based semiconductor foundry of its kind, enhancing capabilities and capacity of TFLN devices for quantum computing and high-speed communications applications.