Canada Invests CAD 195M in Xanadu for Quantum Manufacturing

TORONTO, ON, Canada -- Xanadu Quantum Technologies Limited (NASDAQ/TSX: XNDU), a leading photonic quantum computing company, announced a definitive agreement with the Government of Canada for CAD 195 million in support through the Strategic Response Fund. Administered by Innovation, Science and Economic Development Canada, this funding represents the largest investment in quantum manufacturing in Canadian history and supports Project OPTIMISM.

The CAD 195 million federal commitment formalizes the complete federal portion of potential funding of up to CAD 390 million announced earlier in the year. The investment will enable Xanadu to establish advanced manufacturing facilities in Canada to build fault-tolerant utility-scale photonic quantum computers, focusing on local capabilities such as heterogeneous integration of photonic chips, photonic integrated circuit packaging, wafer-level semiconductor testing, and quantum module assembly.

Key Highlights

• Xanadu secures CAD 195 million through the Strategic Response Fund for Project OPTIMISM.
• Funding represents the largest investment in quantum manufacturing in Canadian history.
• Aims to build advanced local manufacturing for fault-tolerant photonic quantum computers.
• Supports a vertically integrated path from chip to system and paves the way for future quantum data centres.