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Just in: Quantum Computing $QUBT secures a contract with the Dept. of Commerce's NIST for TFLN photonic chip design and fabrication. This marks QCi's first direct government contract for its TFLN foundry services.
Just in: $QUBT shares surge after securing a major contract with NIST for thin-film lithium niobate photonic integrated circuits. This marks their first direct government contract, boosting investor confidence and driving up stock price.
$QUBT (+10.4% pre) Quantum Computing wins NIST contract for photonic chip design https://t.co/9hBKyBnTFB
Quantum Computing Inc. said it has secured a contract from the U.S. Department of Commerce’s National Institute of Standards and Technology to design and fabricate thin-film lithium niobate photonic integrated circuits. The award is the company’s first direct U.S. government contract for its TFLN foundry services, underscoring federal interest in the emerging chip platform. The firm also disclosed a separate commercial order for TFLN chips from an unnamed Fortune 500 company. Shares of Quantum Computing rose roughly 10% in pre-market trading after the announcements.
