Quantum Computing Inc. (NASDAQ: QUBT) has seen a significant surge in stock value, with shares up 31.53% at $3.49 in pre-market trading. This increase follows an exceptional performance in the previous session, where QUBT stock nearly doubled after the company secured its first major order. This notable development signals a promising trajectory for Quantum Computing as it continues to innovate within the photonics industry.
First Order for TFLN Photonic Chip Foundry
The recent order, placed by a prestigious Asian research and technology institute, marks a crucial step for Quantum Computing’s TFLN (thin film lithium niobate) photonic chip foundry. This contract demonstrates the growing demand for QUBT’s advanced TFLN fabrication technology, renowned for producing high-performance photonic integrated circuits (PICs) and nanophotonic devices. Through this order, Quantum Computing aims to advance the adoption of TFLN as a pivotal component in future telecommunications, data communications, and quantum technologies.
Advanced Photonics Fabrication and Chip Design Services
Quantum Computing’s proprietary expertise in etching, processing, and wafer-scale characterization of TFLN has placed it at the forefront of high-growth markets. The company’s technology is particularly relevant for sectors requiring sophisticated optical devices and photonic engines, such as coherent communications, telecommunications, and data communications.
In addition to manufacturing, Quantum Computing will provide in-house photonic chip design services, fulfilling two separate fabrication runs tailored to meet the specific requirements of the customer. The first chips for this order are expected by December 2024, with completion scheduled by the end of Q1 2025.
Expanding Influence and Strategic Partnerships
This milestone highlights Quantum Computing’s rising influence within the photonics community and positions it as a critical player in integrated photonics. The company anticipates additional orders as the industry increasingly adopts TFLN technology, bolstered by the impending launch of its QCi Foundry in Tempe, Arizona.
Furthermore, Quantum Computing has recently signed two memorandums of understanding (MOUs) with industry partners focused on developing process design kits (PDKs) and design services, signaling a strategic commitment to innovation as it approaches the Foundry’s official opening in Q1 2025.
