Quantum Computing Inc. (QCi), which manufactures room-temperature quantum photonics products based on thin-film lithium niobate (TFLN), announced that it has signed an agreement to acquire Luminar Semiconductor, Inc. (LSI), a wholly owned subsidiary of Luminar Technologies, Inc., in an all-cash transaction valued at US$110 million. The deal is anticipated to close in early 2026 following bankruptcy court approval.
The acquisition will bring QCi a portfolio of LSI’s core photonic technologies, patents, and team of engineers and scientists. LSI manufactures and sells photonic components that QCi says are important building blocks on its technology roadmap; this appears to complement QCi’s photonic chip foundry, which opened in June this year. Both QCi and LSI supply products that are used in highly sensitive, export-controlled areas such as missile defense, quantum sensing, directed energy, and optical communications.
This marks QCi’s third acquisition announcement. In May 2022, the company announced it would acquire QPhoton, a deal that was completed in June the same year. A year later in May 2023, it signed a Letter of Intent to acquire millionways, a developer of emotionally-intelligent AI; the deal does not seem to have been finalized.
Separately, QCi announced on 17 December that Dr. Yuping Huang has been appointed CEO effective 1st January, 2026.
