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Xanadu Quantum Technologies Announces Quantum Computing Chip Manufacturing Collaboration with GlobalFoundries

The Motley Fool ·

XNDU
XNDU Xanadu Quantum Technologies Ltd
$5.06 +11.95%
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GFS +0.14%
  1. 1Xanadu Quantum Technologies has entered into a multi-year partnership with GlobalFoundries.
  2. 2Xanadu Quantum Technologies shares rose 16.8% as of 11:25 AM ET.
  3. 3Xanadu is transitioning from laboratory-scale prototyping to industrial-scale production.

So what's the key point?

Xanadu Quantum Technologies has decided to manufacture chips for quantum computers with GlobalFoundries. The stock price rose 16.8% as the company moves beyond the laboratory to the stage of making actual products.

Source The Motley Fool · View original ↗

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