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Xanadu Quantum Technologies Enters Multi-Year Partnership With GlobalFoundries To Develop High-Volume Production For Utility-Scale Quantum Computing

Benzinga Newsdesk

This partnership combines Xanadu’s existing expertise in ultra-low loss photonic design and process development with GF’s industry-leading photonics manufacturing prowess to accelerate the development and manufacturing

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  1. Anders Bylund

    Why Xanadu Quantum Technologies Stock Jumped 17% Today

    Xanadu Quantum Technologies stock surged 17% after announcing a multi-year manufacturing partnership with GlobalFoundries to scale production of photonic quantum computing chips from lab prototypes to 300mm industrial production. However, the stock remains down 45.7% over the past month, and the company faces significant challenges including minimal revenue ($1.5M last quarter), substantial losses ($42.1M), and no expected commercial sales until 2029-2030.

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