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Quantum Computing Inc. (QUBT) has completed its thin-film lithium niobate (TFLN) photonic chip foundry in Tempe, AZ, and has secured multiple preorders, including five purchase orders for its chips. This development comes as the company aims to expand into datacom and telecom markets, signaling early demand for its products even before production commenced.
In the second quarter of 2025, QUBT began its first customer shipments, transitioning from government contracts to scalable product revenues. This ramp in operations marks a significant shift in strategy, positioning QUBT as one of the few U.S. providers of TFLN photonic chips, with the foundry set to drive growth and diversify revenue streams.
Despite these advancements, QUBT has experienced a year-to-date decline of 10.8%, while the industry has seen an 18.5% growth. The company’s current stock is trading 22.9% below its average target price, with a Zacks Rank of #4 (Sell).
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