Quantum Computing Inc. Completes $110 Million Acquisition of Luminar Semiconductor
Quantum Computing Inc. QUBT | 6.87 | +3.46% |
Luminar Technologies, Inc. LAZRQ | 0.02 | -8.52% |
Quantum Computing Inc. has completed its acquisition of Luminar Semiconductor, Inc. (LSI), a subsidiary of Luminar Technologies, Inc., in an all-cash deal valued at $110 million. LSI will continue to operate as a wholly owned subsidiary, maintaining its commercial relationships in aerospace, defense, and industrial markets. The combination brings together QCi’s thin-film lithium niobate (TFLN) integrated photonics with LSI’s expertise in lasers, detectors, advanced packaging, and manufacturing. This integration is expected to accelerate the development of compact, mass-producible quantum hardware operating at room temperature and strengthen QCi’s position as a vertically integrated photonics and quantum technology provider. The acquisition also supports QCi’s strategy to build a domestic manufacturing platform, enhancing its ability to serve government and defense customers.
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