Luminar sells photonics unit to Quantum Computing for $110 million

Luminar Technologies Inc. (NASDAQ: LAZR) entered into an agreement to sell its wholly owned subsidiary Luminar Semiconductor Inc. to Quantum Computing Inc. (NASDAQ: QUBT) for $110 million in cash, according to a company statement.

The transaction involves LSI, which supplies photonics components and systems for applications including missile defense, quantum sensing, and optical communications. QCi focuses on photonics-driven technologies and quantum optics.

"QCi's focus on photonics-driven technologies provides an aligned platform for LSI to expand its customer base, accelerate growth opportunities, and invest in markets where long-term demand for high-reliability optical systems is increasing," said Paul Ricci, CEO of Luminar.

Yuping Huang, CEO of Quantum Computing Inc., stated the company will "move quickly to invest in and scale LSI's existing business, while bringing our teams together to accelerate our quantum photonics roadmap."

The sale requires bankruptcy court approval through a Section 363 sale process, as Luminar filed for voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas. LSI is not included in the bankruptcy proceedings and continues operating normally. The parties expect court approval by the end of January 2026, subject to customary closing conditions.

LSI will maintain existing customer commitments and continue normal operations during the transition, according to the statement. The subsidiary combines aerospace-grade reliability with chip-scale innovation for applications ranging from concept to production deployment.

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