Quantum Computing Buys Luminar Semiconductor for $110M in All-Cash Deal (QUBT:NASDAQ)

Quantum Computing buys Luminar Semiconductor for $110M in all-cash deal (QUBT:NASDAQ)

Quantum Computing (QUBT) announced on Monday that it intends to acquire Luminar Semiconductor for $110M in an all-cash deal from Luminar Technologies (LAZR). Read for more.

Quantum Computing targets photonics expansion with stalking horse acquisition

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Lidar maker Luminar declares bankruptcy; Quantum Computing to buy subsidiary

Luminar developed longer-range lidar for autonomous vehicles. Source: Luminar Technologies Luminar Technologies Inc. yesterday said that it has voluntarily initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. The company has also agreed to sell its Luminar Semiconductors Inc. subsidiary to Quantum Computing Inc. for $110 million. “These transactions provide Luminar with the best opportunity to maximiz…

Quantum Computing to buy Luminar Semiconductor for $110m

Quantum Computing (QCi) has agreed to acquire Luminar Semiconductor (LSI), a fully owned subsidiary of Luminar Technologies, in an all-cash deal valued at $110m. The acquisition would bring QCi a portfolio of photonic technologies, patents, and a team of engineers and scientists from Luminar Semiconductor. Luminar Semiconductor produces and sells photonic components that are described as important to QCi’s technology roadmap. Through the deal, Q…

$110 Million Deal: Quantum Computing Inc. Expands Photonics Portfolio

Quantum Computing Inc. will acquire Luminar Semiconductor, Inc., a subsidiary of Luminar Technologies, in an all-cash transaction valued at $110 million, bolstering QCi’s capabilities in photonics-driven technologies and advanced sensing. This acquisition combines LSI’s innovation platform with QCi’s existing expertise, positioning the combined entity to capitalize on growing demand for high-performance photonics solutions.