Quantum Computing to buy Luminar Semiconductor for $110m

Quantum Computing (QCi) has agreed to get Luminar Semiconductor (LSI), a afloat owned subsidiary of Luminar Technologies, successful an all-cash woody valued astatine $110m.

The acquisition would bring QCi a portfolio of photonic technologies, patents, and a squad of engineers and scientists from Luminar Semiconductor.

Luminar Semiconductor produces and sells photonic components that are described arsenic important to QCi’s exertion roadmap.

Through the deal, Quantum Computing aims to beforehand its quantum systems for commercialized deployment, portion supporting Luminar Semiconductor’s existing lawsuit base.

Meanwhile, Luminar Technologies has filed voluntary Chapter 11 cases successful the US Bankruptcy Court for the Southern District of Texas.

QCi committee seat and CEO Yuping Huang said: “This acquisition represents a meaningful measurement guardant successful our strategy to make and standard practical, integrated quantum solutions.

“The post-closing gross accidental volition beryllium two-fold: to service and grow LSI's existent non-quantum lawsuit base; and to utilise LSI's exertion and products to thrust the commercialisation of quantum appliances successful our targeted markets.”

Luminar Semiconductor is not a debtor successful these cases and continues to run successful the mean course.

As Luminar Semiconductor is simply a subsidiary of Luminar Technologies, the woody would request support from the bankruptcy tribunal done a Section 363 merchantability process.

QCi has agreed to beryllium the projected stalking equine bidder for this process and volition beryllium entitled to customary bid protections.

The parties expect to adjacent the transaction aft satisfying customary closing conditions, including receiving bankruptcy tribunal approval, which they expect by the extremity of January 2026.

Luminar Technologies CEO Paul Ricci said: “LSI is simply a high-quality concern with important semipermanent potential, and this transaction with QCi provides the concern and strategical imaginativeness needed to realise that potential.

“By bringing unneurotic QCi's and LSI's complementary capabilities and engineering strengths, they volition beryllium capable to bring innovations to marketplace faster and amended service their customers crossed a wide acceptable of precocious photonics and sensing applications.”

"Quantum Computing to bargain Luminar Semiconductor for $110m" was primitively created and published by Verdict, a GlobalData owned brand.

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