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PsiQuantum, the Palo Alto startup at the forefront of photonics-based quantum computer development, says it will break ground on two manufacturing sites after closing a series E venture round that raised $1 billion.The new funding, led by private equity giant Blackrock and featuring several others including Nvidia’s venture capital wing, will enable the firm to build quantum computing sites in Bri...
Recently, Yamazaki Mazak, a well-known Japanese machine tool manufacturer, announced that it will unveil its economic laser processing star Optiplex 3015 Ez for the first time in the European market at the upcoming 2024 EuroBLECH exhibition. This carefully crafted laser processing machine not only combines high-quality processing capabilities with affordable prices, but also aims to open the doo...
Recently, Confluence Networks LLC has announced a long-term partnership agreement with Laser Light Communications Inc., a developer and provider of software controlled optical network services.According to the agreement, Laser Light will adopt Confluence-1 submarine fiber optic network, which Confluence Networks is about to launch, as the core part of its global network. The protocol will last for...
On August 9, local time, Germany's leading optoelectronics company Jenoptik released its 2024 second quarter interim financial results forecast. The financial data show that the company in the challenging market environment still shows strong growth momentum.In the first half of the year, Jenoptik achieved significant growth in revenue and earnings before interest, taxes, depreciation and amortiza...
Quantum Computing Inc. (QCI), a startup based in the United States, recently opened a foundry for integrating photonics with thin-film lithium niobate (TFLN). The company announced that it has raised $500 million in total proceeds through a new private equity offering.It means that the Nasdaq-listed New Jersey startup, whose foundry is located within Arizona State University’s Research Park in Tem...