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The Star
13-06-2025
- Business
- The Star
China's photonic chip debut to power AI, 6G and quantum computing push: expert
As China joins the international drive to mass produce high-performance photonic chips, an industry pioneer said the technical performance of its chips will position the country for major advances in artificial intelligence (AI), 6G and quantum computing. Shanghai Jiao Tong University Chip Hub for Integrated Photonics Xplore (CHIPX) announced on June 5 that it had begun producing 6in (15.2cm) wafers for thin-film lithium niobate (TFLN) photonic chips, which rely on light – or photons – rather than electrical signals for information transmission and processing. While this is China's first pilot production line for photonic chips, Europe and the US are already established in the field. Dutch company SMART Photonics last year upgraded its line to process 4in InP wafers, and California-based PsiQuantum revealed in February that it was adapting a 300mm silicon photonics line. China's pilot production line, built on the new TFLN material, may have come later but it is already showing gains in terms of technical performance by overcoming a global limit for high-speed optical links. TFLN is an emerging high-performance optoelectronic material known for its ultra-fast electro-optic effect, high bandwidth and low power consumption. But its brittle nature has hindered large-scale manufacturing. 'Establishing this stable production line is the result of nearly 15 years of effort,' said Professor Jin Xianmin, director of CHIPX. 'I began working on photonic chips in 2010 and focused on lithium niobate from 2018,' Jin said. 'Before this pilot production line, we spent years refining fabrication techniques, building small-scale prototypes, and solving critical issues. 'For instance, achieving efficient coupling between electrodes and the optical chip required a long and technically demanding process from design to tape-out to testing.' Construction of the pilot production line began in 2022 and took three years to complete. It houses more than 110 state-of-the-art fabrication tools using complementary metal-oxide-semiconductor technology, demonstrating full-chain technological self-reliance that includes photolithography, thin-film deposition, etching, wet processing, dicing, metrology and packaging – all tailored for 6in TFLN wafers. 'To ensure stability and reduce uncertainties in both materials science and fabrication techniques, the production line currently uses top-tier international equipment. 'In the future, we have the ability to gradually adopt domestic or refurbished alternatives, with some Chinese teams already able to provide third-party maintenance for the current machinery,' Jin said. While the production process shares similarities with that of electronic chips, it is optimised for photonic applications. Unlike electronic chips, which prioritise miniaturisation and integration, photonic chips require exceptional surface smoothness. The team has adapted techniques such as annealing, a type of heat treatment, to repair microscopic surface defects and improve optical performance. Testing and process improvements allowed the team to achieve advanced results: the modulation bandwidth exceeded 110 gigahertz, overcoming a global limit for high-speed optical links; insertion loss dropped below 3.5 decibels and waveguide loss below 0.2 decibels/cm, greatly improving signal transmission. Meanwhile, the modulation efficiency showed a clear boost in electro-optical performance. 'These lithium niobate photonic chips can function not only as computing servers themselves but also as critical components for photonic-electronic integration,' Jin said. 'They enable the high-speed connection of various computing resources.' The institute envisions a computing architecture that merges optical transmission and optical computing, offering highly parallel, low-latency, and energy-efficient solutions for AI model training and inference. With their ultra-low loss, high bandwidth and rapid signal transmission, lithium niobate modulators are also well suited for cloud computing, supercomputing centres, and future 5G and 6G infrastructure. 'Beyond computing and connectivity, photonic chips also hold promise for applications such as laser gyroscopes, lidar, and biosensing. The field has seen steady research progress over the years, but what it has lacked was a scalable production path,' Jin said. The current pilot line has an annual capacity of 12,000 6in wafers and is capable of rapid, low-cost production. 'Previously, it could take up to a year to fabricate and test a single quantum photonic chip,' Jin said. 'Now, we are iterating weekly. This speed is critical for advancing quantum photonic technologies.' China's photonics industry is gaining momentum, with companies such as Hangzhou's Xili Photonics recently securing major investments. Last month, CHIPX was named one of the Ministry of Industry and Information Technology's first batch of priority-cultivated pilot platforms. 'Our platform is currently a national pioneer,' Jin said. 'This production line can develop prototypes into small-batch production for scientists, research institutes and companies, while also accelerating the validation of cutting-edge technologies – from zero to one.' CHIPX said it aimed to further stabilise its production process, increase yields, experiment with other materials, and eventually scale to 8in wafer fabrication. – South China Morning Post
South China Morning Post
12-06-2025
- Business
- South China Morning Post
China's photonic chip debut to power AI, 6G and quantum computing advances, expert says
As China joins the international drive to mass produce high-performance photonic chips, an industry pioneer said the technical performance of its chips will position the country for major advances in artificial intelligence (AI), 6G and quantum computing Shanghai Jiao Tong University Chip Hub for Integrated Photonics Xplore (CHIPX) announced on June 5 that it had begun producing 6-inch (15.2cm) wafers for thin-film lithium niobate (TFLN) photonic chips, which rely on light – or photons – rather than electrical signals for information transmission and processing. While this is China's first pilot production line for photonic chips, Europe and the US are already established in the field. Dutch company SMART Photonics last year upgraded its line to process 4-inch InP wafers, and California-based PsiQuantum revealed in February that it was adapting a 300mm silicon photonics line. China's pilot production line, built on the new TFLN material, may have come later but it is already showing gains in terms of technical performance by overcoming a global limit for high-speed optical links. TFLN is an emerging high-performance optoelectronic material known for its ultra-fast electro-optic effect, high bandwidth and low power consumption. But its brittle nature has hindered large-scale manufacturing. The team at CHIPX worked for several years to create the country's breakthrough in photonic chips. Photo: Handout 'Establishing this stable production line is the result of nearly 15 years of effort,' said Professor Jin Xianmin, director of CHIPX.
Yahoo
09-06-2025
- Business
- Yahoo
Quantum Computing Inc. Reports First Quarter 2025 Financial Results
HOBOKEN, N.J., May 15, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today released financial results for the three-month period ended March 31, 2025. Dr. Yuping Huang, Interim Chief Executive Officer of QCi, commented, "QCi delivered solid operational and financial progress in the first quarter, strengthening our balance sheet and advancing key strategic initiatives. We completed construction during the quarter of our Quantum Photonic Chip Foundry in Tempe, Arizona, a major milestone that positions us to meet growing demand for thin film lithium niobate (TFLN) photonic chips, underscored by the announcement of a fifth purchase during the period. We're encouraged by our early traction, which is the first step in what we believe is a significant, multi-year opportunity to serve the expanding markets in datacom, telecom, and quantum-enabled applications. In parallel, we continued to deepen engagement with both government and commercial partners, reinforcing the growing interest in our quantum and photonic machines and positioning QCi to capitalize on emerging opportunities ahead." First Quarter 2025 Financial Highlights First quarter 2025 revenues totaled approximately $39,000 (33% gross margin) compared to $27,000 (41% gross margin) generated in the first quarter of 2024. Gross margin can vary at our current revenue levels. As such, the year-over-year decrease is not unexpected. First quarter 2025 operating expenses totaled $8.3 million compared to the previous year's first quarter operating expenses of $6.3 million. The year-over-year increase was primarily driven by higher employee-based expenses. The Company reported net income attributable to common stockholders of $17.0 million, or $0.13 per basic share for the first quarter of 2025, compared to a net loss attributable to common stockholders of $6.4 million or $(0.08) per basic share for the same period of the previous year. The increase in net income this quarter was primarily due to a $23.6 million non-cash gain on the mark-to-market valuation of the Company's warrant liability as a result of our merger with QPhoton in June 2022. Total assets at March 31, 2025 were $242.5 million, increasing from $153.6 million at December 31, 2024. Cash and cash equivalents at March 31, 2025 increased by $87.5 million to $166.4 million from year-end 2024. During the first quarter, the Company raised total net proceeds of $93.6 million through a private placement offering of common stock. Total liabilities at March 31, 2025 were $21.7 million, a decrease of $24.6 million compared to year-end 2024, driven primarily by the previously-mentioned non-cash changes in the fair value of the Company's warrant liability. As of March 31, 2025, the Company had shareholders' equity totaling $220.8 million. First Quarter 2025 Operational Highlights Quantum Photonic Chip Foundry Update: During the quarter, QCi completed construction of its Quantum Photonic Chip Foundry in Tempe, Arizona, achieving a key milestone in scaling its U.S.-based TFLN manufacturing services. The Company is now establishing its process design kit (PDK) and filling customer orders. To date, the Company has received five initial orders for its foundry services. Advancing Quantum Machine Adoption: On January 15, 2025, QCi announced a collaboration with Sanders Tri-Institutional Therapeutics Discovery Institute (Sanders TDI), a non-profit drug discovery institute comprising Memorial Sloan Kettering Cancer Center, The Rockefeller University, and Weill Cornell Medicine. Through this partnership, Sanders TDI will leverage cloud-based access to QCi's Dirac-3 quantum optimization machine to support computational chemistry and biomolecular modeling research. This collaboration highlights growing adoption of QCi's quantum systems in real-world biomedical applications. Board Appointment Strengthens Strategic Leadership: On March 26, 2025, QCi appointed Eric Schwartz to its Board of Directors. Mr. Schwartz brings over 20 years of experience in corporate finance, mergers and acquisitions, and corporate strategy, with a strong track record guiding companies through commercialization and manufacturing scale-up. His expertise will support QCi's growth initiatives as the Company advances its TFLN chip foundry and drives market adoption of its quantum machines. Strengthening Sales & Market Presence: The Company continued to expand its commercial and government engagement, participating in numerous trade shows and conferences during the quarter to showcase its quantum optimization and photonic chip solutions to prospective customers and partners. Advancing Strategic Partnerships with NASA: Subsequent to the quarter on April 30, 2025, QCi was awarded a subcontract valued at approximately $406,000 through Analytical Mechanics Associates (AMA) to support NASA's Langley Research Center. Under the project, QCi will use its Dirac-3 quantum computer to develop a quantum-based technique for removing sunlight noise from space-based LIDAR data, an obstacle that has historically limited NASA's ability to conduct reliable daytime Earth observation. This project builds on QCi's prior work with NASA. Expanding Commercial Adoption of Quantum Solutions: Subsequent to the quarter, QCi secured two additional customer orders, reflecting growing global demand for its quantum machines. On April 1, 2025, the Company announced the sale of a Quantum Photonic Vibrometer to the Department of Aerospace Structures and Materials at Delft University of Technology in the Netherlands, supporting advanced research in non-destructive testing and structural health monitoring. Later in the month, on April 22, 2025, QCi announced the sale of an EmuCore reservoir computing device to a major automotive manufacturer for research and development use. These orders underscore QCi's strategy to broaden awareness and adoption of its quantum solutions across both academic and industrial markets globally. Earnings Conference Call The Company will host its first quarter conference call on Thursday, May 15, 2025, at 4:30 p.m. To access the live webcast of the conference call, visit the QCi Investor Relations page at Investors may also access the webcast via the following link: To participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0011. Callers should use access code: 832763. A replay of the teleconference will be available until May 22, 2025, and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 52325. About Quantum Computing Inc. Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications. Company Contact:Rosalyn Christian/John NesbettIMS Investor Relationsinvestors@ Forward-Looking Statements This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the timing of orders and revenue, and the outcome of ongoing collaborations and demonstration projects with certain U.S. government agencies, academic institutions and commercial customers, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. IMPORTANT NOTICE TO USERS (summary only, click here for full text of notice): All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information. All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our Forms 10-Q and 10-K. QUANTUM COMPUTING INC. Consolidated Balance Sheets (in thousands, except par value data)March 31, December 31,2025 2024Assets Current assets: Cash and cash equivalents$ 166,429 $ 78,945 Accounts receivable, net 2027 Inventory 13118 Prepaid expenses and other current assets 660161Total current assets 167,24079,151Property and equipment, net 9,9768,212Operating lease right-of-use assets 1,4191,522Intangible assets, net 8,1968,972Goodwill 55,57355,573Other non-current assets 129129Total assets$ 242,533 $ 153,559 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$ 2,022 $ 1,372 Accrued expenses 6472,134 Deferred revenue 8379 Other current liabilities 990974Total current liabilities 3,7424,559Derivative liability 16,90240,532Operating lease liabilities 1,0621,181Total liabilities 21,70646,272Stockholders' equity: Common stock, $0.0001 par value, 250,000 thousand shares authorized; 137,322 thousand and 129,012 thousand shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 1413 Additional paid-in capital 404,313307,756 Accumulated deficit (183,500)(200,482)Total stockholders' equity 220,827107,287Total liabilities and stockholders' equity$ 242,533 $ 153,559 QUANTUM COMPUTING INC. Consolidated Statements of Operations (in thousands, except per share data)Three Months EndedMarch 31,2025 2024Total revenue$ 39 $ 27Cost of revenue 2616Gross profit 1311Operating expenses Research and development 2,9852,220Sales and marketing 672451General and administrative 4,6423,659Total operating expenses 8,2996,330Loss from operations (8,286)(6,319)Non-operating income (expense) Interest and other income 1,69638Interest expense, net (58)(155)Change in fair value of warrant liabilities 23,630-Income (loss) before income tax provision 16,982(6,436)Income tax provision --Net income (loss) 16,982(6,436) Net income (loss) attributable to common stockholders$ 16,982 $ (6,436) Earnings (loss) per share: Basic$ 0.13 $ (0.08)Diluted$ 0.11 $ (0.08)Weighted average shares used in computing net earnings (loss) per common share: Basic 135,21781,934Diluted 153,00681,934 View original content to download multimedia: SOURCE Quantum Computing Inc. 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Business Wire
30-05-2025
- Business
- Business Wire
Johnson Fistel Investigates Quantum Computing: Long Term Investors Encouraged to Reach Out
SAN DIEGO--(BUSINESS WIRE)--Johnson Fistel, PLLP, a shareholder rights law firm, announces it is investigating potential breaches of fiduciary duties by certain directors and officers of Quantum Computing Inc. (NASDAQ: QUBT) ('QCI' or 'the Company') in relation to their obligations to the company's shareholders. If you are a current long-term QCI shareholder, you may have legal claims that may be brought on behalf of the company, against the company's directors and officers. Share What can I do? If you are a current long-term QCI shareholder, you may have legal claims that may be brought on behalf of the company, against the company's directors and officers. If you wish to discuss this notice or your legal rights, please contact lead analyst Jim Baker (jimb@ at 619-814-4471. If emailing, please include a phone number. If you have continuously owned QCI shares, you can click or copy and paste the link below in a browser to join: What is this about? Recently a class action complaint was filed against QCI alleging that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) Defendants overstated the capabilities of QCI's quantum computing technologies, products, and/or services; (2) Defendants overstated the scope and nature of QCI's relationship with NASA, as well as the scope and nature of QCI's NASA-related contracts and/or subcontracts; (3) Defendants overstated QCI's progress in developing a TFLN foundry, the scale of the purported TFLN foundry, and orders for the Company's TFLN chips; (4) QCI's business dealings with Quad M Solutions, Inc. and millionways, Inc. both qualified as related party transactions; (5) accordingly, QCI's revenues relied, at least in part, on undisclosed related party transactions; (6) all the foregoing, once revealed, was likely to have a significant negative impact on QCI's business and reputation; and (7) as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times. About Johnson Fistel, PLLP: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Colorado, and Idaho. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.
Bahrain News Gazette
28-04-2025
- Business
- Bahrain News Gazette
QUBT DEADLINE TOMORROW: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Quantum Computing Inc. Investors to Secure Counsel Before Important April 28 Deadline in Securities Class Action
NEW YORK, April 27, 2025 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Quantum Computing Inc. (NASDAQ: QUBT) between March 30, 2020 and January 15, 2025, both dates inclusive (the 'Class Period'), of the important April 28, 2025 lead plaintiff deadline. SO WHAT: If you purchased Quantum Computing securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Quantum Computing class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 28, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) defendants overstated the capabilities of Quantum Computing's quantum computing technologies, products, and/or services; (2) defendants overstated the scope and nature of Quantum Computing's relationship with National Aeronautics and Space Administration ('NASA'), as well as the scope and nature of Quantum Computing's NASA-related contracts and/or subcontracts; (3) defendants overstated Quantum Computing's progress in developing a thin film lithium niobate ('TFLN') foundry, the scale of the purported TFLN foundry, and orders for Quantum Computing's TFLN chips; (4) Quantum Computing's business dealings with Quad M Solutions, Inc. and millionways, Inc. both qualified as related party transactions; (5) accordingly, Quantum Computing's revenues relied, at least in part, on undisclosed related party transactions; (6) all the foregoing, once revealed, was likely to have a significant negative impact on Quantum Computing's business and reputation; and (7) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Quantum Computing class action, go to call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: or on Twitter: or on Facebook: . Attorney Advertising. Prior results do not guarantee a similar outcome. ——————————- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] GlobeNewswire Distribution ID 9439359
