Luminar sells photonics unit to Quantum Computing for $110 million
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/21/2026
- Nasdaq leads Wall Street gains as SpaceX, Super Micro boost AI sentiment
- Meta beats Q3 estimates, approves new nonvoting share class as AI spending surges
- Tesla stock up as automotive gross margin improves, free cash flow turns positive
- SpaceX, Tesla shares rise after Musk says committees exploring possible merger
- Brent falls as Iran's president discusses mediation with Pakistani army chief
- Abbott plans to spin off its nutrition unit as a standalone public company
- Alphabet shares drop ahead of earnings next week
- Supermicro raises Q1 FY2027 revenue outlook on AI demand
- Dow outperforms as Wall Street rises, healthcare stocks lead gains
- Crude Inventory Fell 3.06 Million Barrels Last Week - EIA
Luminar Announces Sale of Photonics Business to Quantum Computing Inc. for $110 Million
December 15, 2025 10:40 AM ESTORLANDO, Fla.--(BUSINESS WIRE)-- Luminar Technologies, Inc. (NASDAQ: LAZR) (the Company or Luminar), a leading global technology company, today announced that it has entered into an agreement with Quantum Computing Inc. (QCi) pursuant to which QCi will acquire Luminar Semiconductor, Inc. (LSI), a wholly owned subsidiary of Luminar, in an all-cash transaction valued at $110 million.
QCi is an integrated photonics and quantum optics technology company with a focus on photonics-driven technologies and advanced sensing applications. LSIs innovation platform and engineering depth complement QCis existing capabilities and long-term strategic priorities in optical systems, chip-scale innovation,... More



