Xanadu Quantum Technologies Announces Expanded Technology Roadmap Targeting Fault Tolerance In 2028-2029, Up To 200 Logical Qubits By 2029 And 1,000+ By 2031; Says Total Available Funding About $686M

Shares of software companies are trading lower as inflation concerns and elevated oil prices push U.S. and global bond yields higher, raising concerns that the Federal Reserve could tighten monetary policy later this month. Higher rates can weigh on growth stocks by making future profits less attractive.

UPDATE -- Canada-Japan Support Advances Xanadu and Mitsubishi Chemical Partnership on Quantum Semiconductor Research

Xanadu Quantum Technologies and Mitsubishi Chemical have announced the second phase of their collaboration to advance quantum computing applications in semiconductor fabrication, specifically for extreme ultraviolet (EUV) lithography. The partnership, supported by Canada's National Research Council Industrial Research Assistance Program (NRC IRAP) and Japan's Strategic Innovation Promotion Program (SIP), aims to develop a fault-tolerant quantum computing-ready software pipeline to identify materials that prevent radiation-induced blurring in chip manufacturing.

Xanadu Quantum Announces Next Phase Of Collaboration With Mitsubishi Chemical To Advance Semiconductor Fabrication Technologies Using Quantum Computing Algorithms

Xanadu Quantum Technologies Limited ((", Xanadu", , TSX:XNDU), a leading photonic quantum computing company, has announced the next phase of its collaboration with Mitsubishi Chemical, a major Japanese chemical