Luminar to Sell Subsidiary to Quantum Computing Inc.
HOBOKEN, N.J., Dec. 15, 2025 — Luminar Technologies is selling its Luminar Semiconductor, Inc. (LSI) subsidiary to Quantum Computing Inc. (QCi) in an all-cash transaction valued at $110 million. The acquisition provides QCi with a portfolio of core photonic technologies, patents, and a team of engineers and scientists. QCi expects the move to accelerate its roadmap while supporting and growing LSI’s established customer base.
The acquisition was announced concurrently with Luminar Technologies’ chapter 11 initiations, with the expected sale of LSI subject to approval by the bankruptcy court, pursuant to a section 363 sale process. Per the agreement, QCi will serve as a stalking horse bidder and will purchase the equity of LSI, subject to higher or better offers. LSI is not a debtor in the chapter 11 cases and is operating in the ordinary course, Luminar said in a press release. Luminar revealed financial challenges to its business in late October.
LSI was established in 2021 to bring development of advanced receiver, laser, and processing chip technologies in-house at Luminar Technologies. The company is comprised of Black Forest Engineering, Optogration, Freedom Photonics, and EM4, all of which were acquired by Luminar. Among the offerings are application specific integrated circuits, avalanche photodiode detectors, tunable lasers, PICs, pump lasers, passive micro-optics, and integrated modules.
Current QCi chief revenue officer, Pouya Dianat, who previously served as QCi Foundry's director PICs and foundry services, has previous experience at Luminar. Dianat was formerly a senior photonics Engineer at Optogration following its acquisition by Luminar in 2021.
Earlier this year, QCi raised over $1 billion through a series of securities purchase agreements and private placements, saying that it would use the proceeds to drive commercialization efforts and pursue strategic acquisitions, among other purposes. Additional milestones for the company include the opening of its quantum photonic chip foundry in Tempe, Ariz., located at the Arizona State University Research Park. The site will be leveraged to produce thing-film lithium niobate photonic chips, which the company will produce for the National Institute of Standards and Technology, as well as an unnamed Fortune 500 science and technology company involved in defense, intelligence, civil, and commercial markets.
According to QCi CEO William McGann, all capital equipment purchases for the site have been made and the project is now in the final stages, with commissioning to be completed in the first quarter of 2026.
QCi also established a strategic collaboration with POET Technologies last month for the development of 400G/lane thin-film lithium niobate modulator-based 3.2-Tbps engines.
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