$110 Million Deal: Quantum Computing Inc. Expands Photonics Portfolio
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Luminar Technologies, Inc. has entered into an agreement with Quantum Computing Inc. (“QCi”) for the acquisition of Luminar Semiconductor, Inc. (“LSI”), a wholly owned subsidiary, in an all-cash transaction valued at $110 million. LSI’s innovation platform and engineering depth are intended to complement QCi’s existing capabilities in photonics-driven technologies and advanced sensing applications. This combination aims to accelerate LSI’s growth and capitalize on increasing demand for high-performance photonics solutions, positioning LSI to expand its customer base and invest in markets requiring high-reliability optical systems. The transaction is subject to approval from the U.S. Bankruptcy Court for the Southern District of Texas as part of a Section 363 sale process. Luminar’s Sale of LSI to Quantum Computing Inc. Luminar Technologies has entered into an agreement to sell its wholly owned subsidiary, Luminar Semiconductor, Inc. (LSI), to Quantum Computing Inc. (QCi) for $110 million in an all-cash transaction. QCi, focused on integrated photonics and quantum optics, sees strategic alignment with LSI’s capabilities in optical systems and chip-scale innovation. This acquisition is expected to accelerate LSI’s growth and capitalize on increasing demand for high-performance photonics solutions, particularly in areas like missile defense and optical communications. The sale requires approval from the U.S. Bankruptcy Court for the Southern District of Texas as Luminar has initiated voluntary chapter 11 cases; however, LSI is not included as a debtor in those cases and will continue operating normally. Approval is anticipated by the end of January 2026, contingent upon standard closing conditions. Both Luminar and QCi are committed to ensuring continuity of service for existing LSI customers and partners throughout the transition. LSI’s expertise lies in photonics components, subsystems, and systems, with proven capabilities in sensitive, export-controlled areas. QCi plans to invest in and scale LSI’s existing business while also accelerating its own quantum photonics roadmap. QCi’s technology focuses on room temperature, low power quantum machines utilizing thin-film lithium niobate (TFLN) for applications in computing, AI, cybersecurity, and remote sensing. Details of the Transaction and Court Approval Luminar has entered an agreement to sell its wholly owned subsidiary, Luminar Semiconductor (LSI), to Quantum Computing Inc. (QCi) for $110 million in an all-cash transaction. This sale is structured as a Section 363 process within Luminar’s voluntary chapter 11 bankruptcy cases in the U.S. Bankruptcy Court for the Southern District of Texas. Approval from the bankruptcy court is expected by the end of January 2026, contingent on fulfilling standard closing requirements, ensuring a structured and legally sound transfer of ownership. LSI, a photonics components supplier, is not a debtor in Luminar’s bankruptcy proceedings and will continue normal operations. QCi intends to invest in and scale LSI’s existing business, while integrating teams to accelerate their quantum photonics roadmap. LSI’s expertise in areas like missile defense and optical communications complements QCi’s focus on thin-film lithium niobate (TFLN) based photonic chips and technologies for high-performance computing and sensing applications. QCi’s acquisition aims to capitalize on the growing demand for high-performance photonics solutions. The combined entity will leverage LSI’s aerospace-grade reliability and chip-scale innovation with QCi’s capabilities in affordable quantum machines and foundry services. Both organizations are committed to maintaining strong continuity and long-term support for LSI’s existing customers and partners throughout and following the transaction’s completion. We are pleased to partner with QCi as they continue to accelerate their photonics roadmap.Paul Ricci Luminar, LSI, and Quantum Computing Technologies Luminar Technologies has entered an agreement to sell its wholly owned subsidiary, LSI, to Quantum Computing Inc. (QCi) for $110 million in an all-cash transaction. QCi, an integrated photonics and quantum optics company, sees strategic alignment with LSI’s capabilities in areas like missile defense and optical communications. This acquisition is expected to accelerate LSI’s growth and capitalize on demand for high-reliability photonics solutions, while also furthering QCi’s photonics roadmap and development of technologies like thin-film lithium niobate (TFLN). LSI’s expertise lies in photonics components, subsystems, and systems, offering capabilities in sensitive, export-controlled areas. QCi intends to invest in and scale LSI’s existing business, integrating it with their own technologies to enhance capabilities in high-performance computing, artificial intelligence, cybersecurity, and remote sensing. Importantly, QCi’s products are designed to operate at room temperature and low power, offering affordable quantum machines and foundry services for photonic chips. The transaction requires approval from the bankruptcy court as Luminar has initiated voluntary chapter 11 cases. However, LSI is not a debtor in these cases and continues to operate normally. Approval is anticipated by the end of January 2026, subject to customary closing conditions, allowing QCi to combine LSI’s aerospace-grade reliability and chip-scale innovation with their existing quantum photonics capabilities. Source: https://www.businesswire.com/news/home/20251215004880/en/Luminar-Announces-Sale-of-Photonics-Business-to-Quantum-Computing-Inc.-for-%24110-Million Tags: