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Quantum Computing Inc. Selects Tempe, Arizona as the Site for its Quantum Photonic Chip Foundry
LEESBURG, Va., Sept. 21, 2023 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and nanophotonics
About this update from Quantum Computing Inc.
[{"type":"text","content":"LEESBURG, Va., Sept. 21, 2023 /PRNewswire/ -- Quantum Computing Inc. (\"QCi\" or the \"Company\") (Nasdaq: QUBT), an innovative, quantum optics and nanophotonics technology company, announces that it has chosen ASU Research Park in Tempe, Arizona, as the location for its new quantum photonic chips manufacturing facility, where it will produce its Thin Film Lithium Niobate (TFLN) chips.\nKnown for its photonic-based quantum solutions, QCi is expanding production with this new facility to accelerate its advanced technology development in nanophotonics and optical chip manufacturing for use in its high-performance computing, machine learning, cyber security, sensing, and imaging products. A characteristic feature of these chips is heightened scalability and performance advantages such as speed, accuracy and ultra low electric power consumption. Lithium niobate nanophotonic circuits (quantum chips) will be used in QCi's products and for general sale in the market as well.\nThe State of Arizona is one of the nation's leading semiconductor ecosystems, comprised of more than 100 leading tech companies, built upon a long history of advancing the chip industry dating back to the first Motorola lab in the late 1940s. Importantly, Arizona is a driving force in the field of optics as its government leaders were early in the championing of advanced photonic research by supporting strong research universities interested in exploring mission-ready quantum computing and related technologies.\nThe location QCi chose for its new facility is on five acres within the extensive 320-acre research park hosted by ASU, a global leader in academic microelectronics research and #1 in Innovation according to U.S. News & World Report. The research park currently provides 2.2 million sf. of Class A office and research facilities for more than 6,700 employees and 50 corporations and organizations, including Honeywell, Texas Instruments, Linear Technology, GE Healthcare, Iridium Satellite and the Institute for Supply Management. The selection of this site aims to promote cooperation, creativity and leverage the park's pre-existing infrastructure and skilled workforce.\nTo date, QCi has placed deposits for the procurement of critical long-lead equipment and paid other expenses associated with the new chip fabrication facility of approximately $2 million. The Co...