Xanadu Quantum Technologies (XNDU) and EV Group agreed to a partnership to develop heterogeneous integration and wafer bonding processes to further the scalability of photonic quantum systems, the companies said on Tuesday.
Under the partnership, the companies will use EV Group's industrial manufacturing tools to fabricate the specialized chips used in Xanadu's photonic quantum computers, according to a statement.
Financial details related to the collaboration were not disclosed.
Shares of Xanadu Quantum Technologies were down 4% in Tuesday trading.
Price: 13.39, Change: -0.61, Percent Change: -4.32
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