Xanadu stock surges on GlobalFoundries quantum manufacturing deal

Investing.com -- Xanadu Quantum Technologies Ltd (NASDAQ: XNDU) shares rose 17% in Tuesday trade following the announcement of a strategic multi-year partnership with GlobalFoundries Inc (NASDAQ: GFS) to develop high-volume production capabilities for utility-scale quantum computing.

The partnership combines Xanadu's photonic design expertise with GlobalFoundries' semiconductor manufacturing capabilities to accelerate development of advanced photonic components, including ultra-low loss silicon nitride photonics and Superconducting Nanowire Single-Photon Detectors (SNSPDs), through GlobalFoundries' 300 mm production line in Malta, New York.

The initial focus centers on industrializing Xanadu's SNSPDs and its ultra-low-loss silicon nitride platform. SNSPDs serve as photon number resolving detectors, which are optical sensors that determine the number of photons in a single light pulse. The adoption of SNSPDs is expected to increase the speed of Xanadu's quantum computing systems and reduce chip overheads needed for utility-scale quantum computers.

The transfer of Xanadu's photonics technology to GlobalFoundries' 300 mm manufacturing line represents a shift from lab-scale prototyping to industrial-grade production. The companies are also exploring future work packages to develop high-performance quantum modules intended to increase the power of photonic quantum computing systems.

The collaboration is expected to serve as the manufacturing foundation for Xanadu's upcoming fault-tolerant demonstrators, supporting the company's objective of providing hardware architecture for future quantum data centers.

Xanadu develops photonic quantum computing technology, while GlobalFoundries operates as a semiconductor manufacturer. GlobalFoundries stock rose 1.4% amid the news.

Original Article

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