Xanadu Quantum Technologies is trading 6.19% higher at $4.80 after announcing a multi-year GlobalFoundries partnership.

  • Announced at 7:00 a.m. EDT October 6, it targets silicon nitride photonics and single-photon detectors on GF’s 300 mm line.
  • It charts a path from lab-scale prototypes to industrial manufacturing for utility-scale quantum computing; the release does not explicitly attribute the share move to the news.
  • Shares closed at $4.52 October 5, up 5.12%; broader indices are modestly higher. No volume data was provided.