Quantum Computing completed the acquisition of Luminar Semiconductor from Luminar Technologies for $110m.

Quantum Computing, a quantum optics and integrated photonics technology company, completed the acquisition of Luminar Semiconductor, a semiconductor company developing chip-scale photonic and optoelectronic solutions, from Luminar Technologies, a global provider of automotive lidar technology, for $110m. "This acquisition represents a meaningful step forward in our strategy to develop and scale practical, integrated quantum solutions. The post-closing revenue opportunity will be two-fold: to serve and expand LSI's current non-quantum customer base; and to utilize LSI's technology and products to drive the commercialization of quantum appliances in our targeted markets. LSI employees are a highly valued component of this deal and QCi will provide attractive career opportunities and competitive compensation to those that remain with the company," Yuping Huang, QCi CEO and Chairman of the Board.