Quantum Computing Inc. announced it has completed the acquisition of NHanced Semiconductors for a combination of cash and QCi stock valued at $73.1 million, subject to customary adjustments, along with up to an additional $72 million if certain performance targets are achieved.
This acquisition marks a major step in QCi’s transition from research-driven innovation and prototyping to scalable commercial production. And by adding semiconductor and nanophotonics fabrication capabilities, advanced packaging expertise, and specialized engineering talent, QCi is strengthening its operational capabilities and manufacturing readiness.
Advanced photonics technology and manufacturing are central to QCi’s commercialization roadmap. The company said its recent acquisition and integration of Luminar Semiconductor installed expertise and fabrication capabilities in laser, light detection, photonic packaging, and testing. The NHanced acquisition provides the foundation for scalable chip manufacturing of QCi’s quantum and photonics technologies, supporting commercialization efforts and advancing its vision of a vertically integrated platform spanning research, development, and manufacturing.
NHanced is a U.S.-based advanced packaging foundry specializing in integration, hybrid bonding, chiplet architectures, silicon interposers, and photonics device integration. Its advanced semiconductor packaging and manufacturing capabilities complement QCi’s photonic and quantum portfolio, creating opportunities to accelerate commercialization and scale next-generation quantum and photonics solutions enabled by 2.5D/3D heterogeneous integration and the scale-up of QCi’s TFLN-on-silicon photonics technologies.
The acquisition is also expected to strengthen domestic manufacturing capabilities, improve supply-chain resilience, and support the development of advanced photonic chips for applications across quantum computing, artificial intelligence, networking, secure communications, and defense technologies.
NHanced will operate as a wholly owned subsidiary of QCi and will continue supporting its existing customers and partners while pursuing new growth opportunities.
Rosenblatt served as financial advisor, and Wilson Sonsini Goodrich & Rosati served as legal counsel to QCi. Needham & Company served as financial advisor, and Taft Stettinius & Hollister served as legal counsel to NHanced.
KEY QUOTES:
“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 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.”
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.”
Bob Patti, CEO of NHanced
