Xanadu Announces Negotiations Toward Up to CAD $390 Million in Support from the Governments of Canada and Ontario to Advance Quantum Manufacturing

2026-03-11 - 20:13

TORONTO, March 11, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, today announced that it has entered negotiations with the Government of Canada and the Government of Ontario for support for Project OPTIMISM, an initiative to establish advanced semiconductor and photonic manufacturing capabilities for the quantum technology supply chain in Canada. Subject to due diligence and the execution of definitive agreements, up to $390 million in combined government support is under consideration. Read More