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Quantum Computing, Inc. Secures First Order For TFLN Photonic Chip Foundry

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Quantum Computing Inc. (QUBT) has secured its first order for its thin film lithium niobate (TFLN) photonic chip foundry from a prominent Asian research institute. The order leverages QCi's proprietary capabilities in TFLN processing and includes in-house photonic chip design services with two fabrication runs. Initial delivery is expected in December 2024, with completion by Q1 2025. This milestone follows recent MOUs for process design kits and design services, leading up to the official opening of the QCi Foundry in Tempe, Arizona in Q1 2025.

Quantum Computing Inc. (QUBT) ha ricevuto il suo primo ordine per il suo chip fotonico in niobato di litio a film sottile (TFLN) da un importante istituto di ricerca asiatico. L'ordine sfrutta le capacità proprietarie di QCi nel trattamento TFLN e include servizi di design di chip fotonici interni con due cicli di fabbricazione. La consegna iniziale è prevista per dicembre 2024, con completamento entro il primo trimestre del 2025. Questo traguardo segue recenti MOUs per kit di design di processo e servizi di design, in preparazione all'apertura ufficiale della QCi Foundry a Tempe, Arizona nel primo trimestre del 2025.

Quantum Computing Inc. (QUBT) ha asegurado su primer pedido para su chip fotónico de niobato de litio de película delgada (TFLN) de un destacado instituto de investigación asiático. El pedido aprovecha las capacidades propietarias de QCi en el procesamiento de TFLN e incluye servicios de diseño de chips fotónicos internos con dos ciclos de fabricación. La entrega inicial se espera para diciembre de 2024, con finalización en el primer trimestre de 2025. Este hito sigue a recientes MOUs para kits de diseño de procesos y servicios de diseño, preparando la apertura oficial de la QCi Foundry en Tempe, Arizona en el primer trimestre de 2025.

Quantum Computing Inc. (QUBT)는 주요 아시아 연구 기관으로부터 얇은 필름 리튬 나이오브산(TFLN) 광자 칩 공장에 대한 첫 주문을 확보했습니다. 이 주문은 QCi의 TFLN 처리에 대한 독점적 능력을 활용하며, 두 번의 제조 공정을 포함한 내부 광자 칩 설계 서비스를 포함합니다. 초기 배송은 2024년 12월로 예상되며, 2025년 1분기까지 완료될 것입니다. 이 이정표는 프로세스 디자인 키트 및 디자인 서비스에 대한 최근 MOU 체결에 이어, 2025년 1분기에 아리조나주 템페에 있는 QCi 공장의 공식 개장을 앞두고 있습니다.

Quantum Computing Inc. (QUBT) a sécurisé sa première commande pour sa puce photonique en niobate de lithium à film mince (TFLN) d'un institut de recherche asiatique de premier plan. La commande tire parti des capacités propriétaires de QCi dans le traitement TFLN et comprend des services de conception de puces photoniques internes avec deux séries de fabrication. La livraison initiale est prévue pour décembre 2024, avec une finalisation d'ici le premier trimestre 2025. Ce jalon fait suite à des MOU récents pour des kits de conception de processus et des services de conception, en préparation de l'ouverture officielle de la QCi Foundry à Tempe, Arizona au premier trimestre 2025.

Quantum Computing Inc. (QUBT) hat seine erste Bestellung für seinen Photonik-Chip aus Lithiumniobat in Dünnschichttechnologie (TFLN) von einem renommierten asiatischen Forschungsinstitut gesichert. Die Bestellung nutzt die proprietären Fähigkeiten von QCi in der TFLN-Verarbeitung und umfasst hauseigene Dienstleistungen für das Design von Photonik-Chips mit zwei Fertigungsdurchläufen. Die erste Lieferung wird für Dezember 2024 erwartet, mit Abschluss im ersten Quartal 2025. Dieser Meilenstein folgt auf kürzliche MOUs für Prozessdesign-Kits und Designservices und führt zur offiziellen Eröffnung der QCi Foundry in Tempe, Arizona im ersten Quartal 2025.

Positive
  • First commercial order secured for TFLN photonic chip foundry
  • Strategic expansion into high-growth markets including telecom and datacom
  • Foundry opening in Q1 2025 represents new revenue stream potential
  • Recent signing of two MOUs for process design kits development
Negative
  • None.

Insights

This first foundry order marks a significant milestone for QCi's entry into the TFLN photonic chip manufacturing space. The two-phase fabrication contract with an Asian research institute demonstrates market validation for their proprietary etching and processing capabilities. While the order size isn't disclosed, the strategic timing aligns with their Tempe facility launch in Q1 2025.

The TFLN technology's applications in telecom, datacom and quantum computing position QCi well in high-growth markets. Their integrated approach offering both manufacturing and design services creates a compelling value proposition. The recent MOUs for PDK development further strengthen their ecosystem. However, investors should note that meaningful revenue impact will depend on securing additional commercial orders and successful facility commissioning.

The significance of this development extends beyond the immediate order. TFLN technology represents a critical advancement in quantum computing and photonic integration, offering superior performance in optical modulation and signal processing. QCi's ability to manufacture these chips at room temperature with low power requirements addresses key scalability challenges in quantum systems.

The company's strategic position as both a manufacturer and technology integrator could create valuable IP and competitive advantages. However, success will hinge on their ability to maintain technological leadership and scale production efficiently. The planned Q1 2025 foundry opening will be a important inflection point for demonstrating commercial viability.

HOBOKEN, N.J., Nov. 13, 2024 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that the Company has secured its first order for its thin film lithium niobate (TFLN) photonic chip foundry. The order, placed by a prominent research and technology institute based in Asia, underscores the growing global demand for QCi's advanced fabrication technology of TFLN and its ability to produce high-performance photonic integrated circuits (PICs) and nanophotonic devices. This milestone highlights QCi's commitment to accelerating the widespread adoption of TFLN and positioning it as a vital component of the future telecom, datacom, and quantum landscape.

The order will leverage QCi's proprietary capabilities in etching, processing, and wafer-scale characterization of TFLN. QCi's key technological advantage lies in its TFLN processing expertise, which is crucial for producing state-of-the-art optical devices and photonic engines that are in significant demand across various high-growth markets, in particular, the coherent communication, telecommunication, and data communication market segments.

In addition to its advanced manufacturing capabilities, QCi will offer in-house photonic chip design services as part of the order, which will include two separate fabrication runs tailored to meet the customer's needs. The first photonic chips for this order are expected to be delivered in December 2024, with the full order set to be completed by the end of Q1 2025.

"QCi is thrilled to announce this first order for the QCi Foundry, which reflects the increasing global interest in our advanced TFLN technology," stated Dr. Pouya Dianat, Director of PICs and Foundry Services at QCi. "By integrating TFLN into our own quantum technology, we are able to enhance the precision and performance of our systems, and QCi is proud to play a critical role in the future of integrated photonics. We anticipate additional orders in the coming months as the photonics community continues to embrace TFLN and prepares for the exciting opening of the QCi Foundry in Tempe, Arizona."

This announcement follows the recent signing of two memorandums of understanding (MOUs) with industry partners focused on the development of process design kits (PDKs) and design services. These strategic partnerships are paving the way for QCi as it nears the final commissioning of its QCi Foundry, which is set to officially open in Q1 2025.

To learn more about the QCi Foundry or to explore 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) deliver the first TFLN photonic chips for their new order?

The first photonic chips are expected to be delivered in December 2024.

Where is QUBT's new QCi Foundry located and when will it open?

The QCi Foundry is located in Tempe, Arizona, and is set to officially open in Q1 2025.

What is the timeline for QUBT to complete their first TFLN foundry order?

The full order is set to be completed by the end of Q1 2025.

What markets is QUBT targeting with their TFLN technology?

QUBT is targeting coherent communication, telecommunication, and data communication market segments.

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