Insider Brief:
- Quanta Computer will purchase 1,867,840 Series B preferred shares in Quantinuum for about $50 million.
- The stake represents roughly 0.49% ownership on a fully diluted basis and will be funded from Quanta’s own capital.
- The investment is described as a long-term holding aligned with Quanta’s advanced computing strategy.
Quanta Computer Inc. will invest approximately $50 million in Quantinuum Ltd., taking a small but strategic position in a quantum computing leader.
The Taiwan-based electronics manufacturer indicated its board approved the purchase of 1,867,840 Series B preferred shares in Quantinuum at $26.7689 per share on Aug. 12, according to a financial statement. The investment will be funded entirely from the company’s own capital and represents about 0.49% ownership of Quantinuum on a fully diluted basis.
Quanta, known for manufacturing laptops, servers and other electronics for global brands, has been expanding its role in high-performance computing and data center solutions. In the statement, the company described the Quantinuum investment as part of a long-term strategy to participate in advanced computing technologies.
The transaction is part of Quantinuum’s latest capital raise. Quanta said the decision followed an internal evaluation process and board approval. The financial statement shows the NT$1.465 billion investment accounts for 6.01% of Quanta’s total assets and 22.56% of equity attributable to shareholders of the parent company as of the latest financial report.
Quantinuum, created through the 2021 merger of Honeywell Quantum Solutions and Cambridge Quantum, is pursuing advances in both quantum hardware and software. Its research and commercial activities target cybersecurity, chemical simulation and artificial intelligence, among other applications. In February 2024 Quantinuum announced a $300 million Series A fund-raise at a pre-money valuation of $5.3billion. investors in that round included JP Morgan Chase as well as Mitsui and Amgen. According to sources from the investment community the Series B funding that Quanta has invested in, will see Quantinuum raise a totalof approximately $400 million, with the $26.76 per share price indicated in Quanta’s filing valuing Quantinuum at $10 billion.
Quanta’s shareholding is modest, however the move represents an uptick in a recent trend of corporate interest in quantum computing’s commercial potential. Though the technology is still emerging, quantum systems, which process information using the principles of quantum mechanics, promise to tackle certain problems far beyond the reach of classical supercomputers.
The filing noted no restrictions on delivery or payment terms. The subscription will follow Quantinuum’s capital increase schedule, and the deal was approved by Quanta’s audit committee and board on the same day as the announcement.
Quantinuum have not formally commented on the filing by Quanta.
