Wedoany.com Report-Dec.17, Quantum Computing Inc. (QCi) has entered into an agreement to purchase Luminar Semiconductor (LSI), a wholly owned subsidiary of Luminar Technologies, in a cash transaction valued at $110 million.

The acquisition would provide QCi with Luminar Semiconductor's portfolio of photonic technologies and patents, along with its team of engineers and scientists.

This acquisition provides QCi with access to a collection of photonic technologies, related patents, and a dedicated group of engineers and scientists from Luminar Semiconductor.

The subsidiary specializes in manufacturing and supplying photonic components that align closely with QCi's development objectives in quantum technologies.

The transaction enables Quantum Computing to progress its quantum systems toward broader commercial availability while continuing to meet the needs of Luminar Semiconductor's established clients.

Separately, Luminar Technologies has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. Luminar Semiconductor itself is not involved in these proceedings and maintains normal operations.

As the acquisition involves a subsidiary within the bankruptcy framework, it requires court approval via a Section 363 sale procedure. QCi has positioned itself as the initial stalking horse bidder, qualifying for standard protections during the bidding process.

The companies project completion of the deal following fulfillment of typical conditions, including judicial approval, with an expected timeline concluding by the end of January 2026.

QCi board chair and CEO Yuping Huang said: "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 utilise LSI's technology and products to drive the commercialisation of quantum appliances in our targeted markets."

Luminar Technologies CEO Paul Ricci stated: "LSI is a high-quality business with significant long-term potential, and this transaction with QCi provides the investment and strategic vision needed to realise that potential. By bringing together QCi's and LSI's complementary capabilities and engineering strengths, they will be able to bring innovations to market faster and better serve their customers across a broad set of advanced photonics and sensing applications."

The integration of Luminar Semiconductor's photonic expertise supports QCi's efforts to create more robust and practical quantum platforms suitable for real-world applications.

Photonic components play a key role in enhancing light-based processing and sensing, areas that complement emerging quantum architectures.

By incorporating these assets, QCi gains capabilities to accelerate product development cycles and expand market reach in specialized technology segments.

The arrangement also ensures continuity for existing Luminar Semiconductor customers, preserving relationships and supply chains during the transition.

Court oversight in the sale process facilitates a structured transfer, allowing potential competing offers while providing defined protections for the initial bidder.

This strategic move reflects focused investments in synergistic technologies that bridge conventional photonics with next-generation quantum systems.

Combining engineering talent from both entities fosters collaborative innovation, potentially yielding advancements in integrated solutions for diverse industries.

Overall, the deal positions the acquired operations for sustained growth under new ownership committed to both legacy commitments and forward-looking quantum initiatives.