Quantum Computing Inc. (QCi) announced it has completed its all-cash acquisition of Luminar Semiconductor, Inc. (LSI), a wholly owned subsidiary of Luminar Technologies, in a transaction valued at $110 million. QCi, which develops quantum optics and integrated photonics technology, said the deal advances its plan to build a vertically integrated, product-driven photonics and quantum technology platform and is expected to add to its annual revenue.
The company said LSI adds established capabilities in lasers, detectors, advanced packaging, and manufacturing that complement QCi’s thin-film lithium niobate (TFLN) integrated photonics platform. By bringing these capabilities under one roof, QCi said it will gain end-to-end control over photonic system design and manufacturing, positioning the combined organization to compress complex quantum systems into compact products aimed at scalable production.
QCi also highlighted that the combined platform is expected to be supported by a fully domestic manufacturing footprint, aligning with customer demand for U.S.-based technology and broader reshoring initiatives. The company said this positioning can strengthen its ability to serve government and defense-related customers, including aerospace and national security applications.
Under the new structure, LSI will operate as a wholly owned subsidiary of QCi and will continue to support its existing commercial relationships across the aerospace, defense, and industrial markets. QCi said those programs provide near-term revenue visibility and a foundation to expand offerings into established markets over time, while LSI’s engineering team and patent portfolio add depth to help move QCi’s quantum innovations from technology development into scalable manufacturing.
QCi also noted that, after announcing on January 12, 2026, that it had submitted a stalking horse bid for certain Luminar LiDAR assets, it ultimately chose not to pursue that acquisition. The company said it will share additional information on integration plans and future milestones in the coming months.
KEY QUOTES
“This acquisition allows us to move forward with a combination that is highly strategic for QCi. LSI is important to our technology roadmap, and the deep technical expertise of the LSI team will be key to our joint success. While much of the industry remains tethered to large-size, cryogenic systems, QCi now owns the architecture required to deliver chip-scale quantum hardware that operates at room temperature. By integrating our thin-film lithium niobate (TFLN) platform with LSI’s lasers, detectors, packaging, and manufacturing capabilities, we gain ownership of the photonics signal chain from light generation through detection and processing, enabling us to shrink complex quantum systems into high-performance, compact products that are mass producible. This acquisition accelerates our transition from technology innovation to scalable manufacturing, reinforcing our mission to put quantum-enabled solutions into the hands of people.”
Yuping Huang, Chief Executive Officer and Chairman of the Board, Quantum Computing Inc.
