Quantum Computing Inc. (QCi) announced it has completed its acquisition of advanced packaging foundry NHanced Semiconductors, Inc. (NHanced), for a combination of cash and QCi stock valued at $73.1 million – a value that may include up to an additional $72.0 million if certain performance targets are achieved. Following this acquisition, NHanced will operate as a wholly owned subsidiary of QCi and continue its current business activities.
The acquisition is meant to accelerate QCi’s efforts at scalable commercial production of its photonics solutions. NHanced, which has semiconductor and nanophotonics fabrication capabilities, advanced packaging expertise and specialized engineering talent, will provide the foundation for scalable chip-manufacturing of the QCi’s quantum and photonics technologies and support the development of a vertically integrated platform spanning research, development and manufacturing.
“The acquisition of NHanced significantly enhances our nanophotonics manufacturing capabilities and strengthens QCi’s ability to execute its long-term growth strategy. Last year, we successfully completed and operationalized Fab 1, a pioneering, small-scale manufacturing facility in Tempe, Arizona. Today, we are delivering on our commitment to launch Fab 2 and expand our manufacturing capabilities and capacity years ahead of our original timeline. By adding proven fabrication assets and deep technical expertise, we are accelerating commercialization across all verticals and substantially advancing the development and scaling of our thin-film lithium niobate (TFLN) photonic integrated circuit platform. The expanded manufacturing footprint will increase production flexibility, enhance operational resilience and support future revenue growth. The Transaction accelerates our path to commercial-scale production and reflects our commitment to strategically investing in infrastructure that drives long-term growth and shareholder value. We look forward to welcoming the talented NHanced team to QCi and combining our strengths to advance the commercialization of quantum and photonic technologies,” said Yuping Huang, CEO of QCi.
“Joining forces with QCi marks an exciting new chapter for our company, our employees and our technology. Over the years, we have built a world-class semiconductor platform with a focus on innovation, manufacturing, excellence and customer success. By combining our expertise with QCi’s vision for photonic and quantum technologies, we believe we can accelerate the commercialization and manufacturing of next-generation solutions and create greater value for customers and partners. We are proud of what our team has accomplished and look forward to contributing to QCi’s mission,” said Bob Patti, CEO of NHanced.
