Quantum Computing IncAcquisition of NHanced Semiconductors deepens photonics manufacturing and advanced-packaging capabilities, accelerating shift to commercial production.

Lake Street reiterated a Buy rating on Quantum Computing Inc. with a price target of $16. The firm cited the company's recent acquisition of NHanced Semiconductors, completed on June 23 and valued at $73.1 million in cash and stock plus up to $72.0 million in additional earnout payments. Lake Street views the deal as a follow-on to the Luminar Semiconductor acquisition that closed in February, together deepening Quantum Computing's photonics manufacturing and advanced-packaging capabilities. Management is framing the acquisition as the launch of Fab 2, arriving years ahead of the company's roadmap, and the firm believes it can accelerate the shift from research and prototyping toward scalable commercial production.
Quantum Computing IncAcquisition of NHanced Semiconductors deepens photonics manufacturing and advanced-packaging capabilities, accelerating shift to commercial production.