Xanadu Quantum Technologies is trading 11.91% higher at $5.06, with market reporting directly linking the rise to its GlobalFoundries partnership.
- Announced October 6, 2026, the multi-year partnership will scale production of silicon nitride photonics and single-photon detectors using GlobalFoundries’ 300 mm line.
- The broader market was also higher, though the manufacturing deal was the clearest reported catalyst for the move.