AI Insider
- Xanadu signed a memorandum of understanding with Singapore’s A*STAR to expand their collaboration across quantum hardware, software, and algorithms, with the potential to establish joint quantum laboratories and operations in Singapore.
- The partnership will focus on projects such as GKP error mitigation, integrated photonic quantum light sources, quantum connectivity, custom ASIC integration, and the possible hosting of photonic quantum computers, combining Xanadu’s platform with A*STAR’s strengths in photonics, semiconductors, and advanced packaging.
- The announcement comes as Xanadu moves toward a public listing through a SPAC merger with Crane Harbor Acquisition Corp., a deal expected to provide roughly $500 million in gross proceeds to support its quantum technology roadmap.
PRESS RELEASE — Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, today announced it has signed a Memorandum of Understanding (“MoU”) with the Agency for Science, Technology and Research (“A*STAR”) in Singapore. This agreement builds on Xanadu’s existing partnership with A*STAR Institute of Microelectronics (A*STAR IME) and extends to include the A*STAR Institute of High Performance Computing (A*STAR IHPC) and A*STAR Quantum Innovation Centre (A*STAR Q.InC). Together, Xanadu and A*STAR intend to advance research and development in quantum technologies, with the goal of establishing long-term research collaborations and exploring the potential of creating joint quantum laboratories and operations in Singapore.
Quantum technology developments are advancing rapidly as governments and industries increase investments to bring practical value to various industries such as AI, aerospace, pharmaceuticals, chemistry, and more. A*STAR has strong capabilities in photonics heterogenous integration, quantum sensing, quantum software and algorithms, quantum materials and devices, semiconductors, and advanced packaging. Combining Xanadu’s deep expertise in photonic quantum computing hardware, software, and algorithms with A*STAR’s leading reputation in research and technology translation is expected to strengthen critical research efforts and has the potential to support future quantum technology developments.
Xanadu and A*STAR intend to collaborate on quantum-focused projects, including error mitigation for GKP state generation, the development of quantum light sources, quantum connectivity using integrated photonic chips, packaging and custom ASIC integration, and the potential hosting of photonic quantum computers in Singapore, aimed at delivering the next generation of quantum research and innovation.
“This expanded collaboration with A*STAR enables us to progress our photonic quantum computing platform and accelerate our path to deliver fault-tolerant quantum computers that can solve real-world problems,” said Christian Weedbrook, Founder and CEO of Xanadu. “By combining our strengths with A*STAR research capabilities in these critical areas, we’re furthering our mission to build quantum computers that are useful and available to people everywhere and position Xanadu to lead the next wave of quantum innovation from Singapore.”
“A*STAR has developed strengths in semiconductor technologies, including integrated photonics and advanced packaging,” said Prof Yeo Yee Chia, Deputy Chief Executive (Innovation & Enterprise), A*STAR. “We are excited to deploy our research expertise, design capabilities and industry-grade facilities to help companies shorten development cycles and create a pathway from early-stage quantum concepts to manufacturable solutions. This collaboration will enable both teams to explore new approaches in photonic quantum hardware and software stack, strengthening Singapore’s position as a trusted partner for companies developing the next generation of quantum technologies.”
Business Combination
Xanadu recently announced a business combination agreement with Crane Harbor Acquisition Corp. (Nasdaq: CHAC), a publicly traded special purpose acquisition company (“Crane Harbor”). The combined company, Xanadu Quantum Technologies Limited (“NewCo”), is expected to be capitalized with approximately US$500 million in gross proceeds, comprising approximately US$225 million from Crane Harbor’s trust account, assuming no redemptions by Crane Harbor’s public stockholders, as well as US$275 million from a group of strategic and institutional investors participating in the transaction via a common equity committed private placement investment. NewCo is expected to be listed on the Nasdaq Stock Market and on the Toronto Stock Exchange.
