Mentioned:
The United States Department of Commerce is cutting a new deal for photonic chips. And they’re partnering up with a publicly traded quantum computing company to do it.
What’s happening:
- Quantum Computing Inc (NASDAQ: QUBT) has officially been awarded a new contract from the United States Department of Commerce’s National Institute of Standards and Technology for the fabrication of their thin film lithium niobate photonic chips
Why it matters:
- This is the first deal ever that Quantum Computing Inc has secured with the National Institute of Standards and Technology
Going deeper:
- The National Institute of Standards and Technology is one of the most important government agencies in America for quantum computing, as they are largely responsible for providing essential standards and frameworks for quantum computing technology
- Quantum Computing Inc has been landing a flurry of new commercial deals lately, including just recently receiving their first purchase order from a major banking institution in the United States to deploy their quantum cybersecurity technology and previously striking a deal with NASA for using quantum computers to process LiDAR data
