Quantum Computing Inc. Completes NHanced Semiconductors Acquisition
Insider Brief
- Quantum Computing Inc. (QCi) has completed its acquisition of NHanced Semiconductors in a deal valued at $73.1 million upfront, with up to an additional $72 million tied to performance milestones.
- The acquisition adds semiconductor fabrication, advanced packaging, nanophotonics manufacturing, and engineering capabilities to support QCi’s commercialization and production roadmap.
- NHanced will operate as a wholly owned subsidiary of QCi, supporting existing customers while helping expand QCi’s manufacturing capacity for quantum and photonic technologies.
PRESS RELEASE — Quantum Computing Inc. (“QCi” or the “Company”) (Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today announced the completion of acquiring NHanced Semiconductors, Inc. (“NHanced”), for a combination of cash and QCi stock valued at $73.1 million, subject to customary adjustments, and up to an additional $72.0 million if certain performance targets are achieved (the “Transaction”).
The acquisition marks an important step in QCi’s transition from research-driven innovation and prototyping to scalable commercial production. 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 at the core of QCi’s commercialization roadmap. The recent acquisition and successful integration of Luminar Semiconductor Inc. have installed world-class expertise and fabrication in laser, light detection, photonic packaging, and testing at QCi. This acquisition will provide the foundation for scalable chip-manufacturing of the Company’s quantum and photonics technologies, supporting commercialization efforts and advancing its vision of a vertically integrated platform spanning research, development and manufacturing. It positions QCi to address growing market demand across quantum computing, sensing, networking, and photonics markets while accelerating the path from innovation to market deployment. Aside from its quantum technology and product portfolio, QCi now also offers leading-edge services, products, and solutions in semiconductor and nanophotonics manufacturing, lasers, detectors, testing, and packaging.
“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.
NHanced is a U.S-based advanced packaging foundry specializing in integration, hybrid bonding, chiplet architectures, silicon interposers and photonics device integration. Its expertise in advanced semiconductor packaging and manufacturing complements QCi’s photonic and quantum portfolio, creating opportunities to accelerate commercialization and scale next-generation quantum and photonics solutions enabled by the 2.5D/3D heterogeneous integration and scale-up of QCi’s TFLN-on-Silicon Photonics technologies.
The acquisition is expected to strengthen domestic manufacturing capabilities, bolster supply-chain resilience and support the development of advanced photonic chips for applications spanning quantum computing, artificial intelligence, networking, secure communications and defense technologies. This acquisition bridges the gap between quantum innovation and scalable semiconductor products, helping bring next-generation photonics and quantum solutions to market more efficiently.
“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.
NHanced will operate as a wholly owned subsidiary of QCi, remaining committed to supporting its current customers and partners, including those within the quantum ecosystem, and will continue to provide the products, services and technical expertise its customers rely on today while pursuing new opportunities for growth and innovation.
Rosenblatt served as financial advisor, and Wilson Sonsini Goodrich & Rosati, Professional Corporation served as legal counsel, to QCi. Needham & Company served as financial advisor, and Taft Stettinius & Hollister LLP served as legal counsel, to NHanced.