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BLOOMINGTON, Minn. - SkyWater Technology (NASDAQ:SKYT) and quantum-hardware company QuamCore announced Thursday a multi-million-dollar collaboration to develop superconducting fabrication processes for quantum computing control electronics. SkyWater, with a market capitalization of approximately $709 million and annual revenue of $290 million, is pursuing this strategic partnership amid challenging financial performance, as InvestingPro data shows the company is not currently profitable.
The partnership will focus on co-engineering a superconducting fabrication process for QuamCore's Single Flux Quantum (SFQ) digital controller chip, which operates at extremely low temperatures of 10 mK - the same environment as quantum bits (qubits).
SkyWater will fabricate and jointly optimize the superconducting process modules required for the controller chip, leveraging its process integration expertise and U.S. domestic manufacturing infrastructure.
The companies aim to address key bottlenecks in quantum computing by embedding ultra-low-power digital logic alongside qubits, potentially reducing power consumption by up to nine orders of magnitude compared to conventional CMOS-based control electronics.
"Our collaboration with QuamCore demonstrates how advanced superconducting process technology can accelerate the transition of quantum computing from the research stage to scalable production," said Thomas Sonderman, CEO of SkyWater Technology.
Alon Cohen, CEO and Co-founder of QuamCore, stated, "Working with SkyWater allows us to industrialize our 10 mK SFQ control technology and prove that scalable quantum hardware can be built within established semiconductor processes."
The collaboration includes milestones over the next 12-18 months for fabrication of superconducting test vehicles and demonstration of wafer-scale SFQ control chips.
This partnership aligns with initiatives under the CHIPS and Science Act to support domestic development of advanced computing technologies, according to the press release statement.
In other recent news, SkyWater Technology reported its Q3 2025 earnings, revealing a mixed financial performance. The company achieved a revenue of $150.7 million, which exceeded its own guidance but did not meet analyst expectations of $81.98 million. Additionally, SkyWater's earnings per share were $0.24, falling short of the forecasted $-0.17. In other developments, SkyWater announced a collaboration with QuamCore, a quantum computing startup, to work on Single Flux Quantum devices. This partnership aims to enhance large-scale quantum computing capabilities by developing a superconducting fabrication process. The focus will be on integrating SFQ digital control circuits with superconducting qubit arrays, addressing challenges such as wiring density and heat load. These recent developments highlight SkyWater's ongoing efforts in advancing technology and addressing complex challenges in quantum computing.
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