TuringQ signed an IPO counseling agreement with Guotai Haitong Securities on July 24, formally beginning the process for an A-share IPO.
The move, confirmed by IPO Zaozhidao, makes TuringQ the third quantum computing company, after Origin Quantum and QBoson, to begin an A-share IPO process.
Founded in 2021, TuringQ was established by Jin Xianmin, a Changjiang scholar, distinguished professor at Shanghai Jiao Tong University, and director of its Institute of Light Science and Technology. It is reportedly China’s first company focused on integrated photonic chips and programmable photonic quantum computers, and says it has assembled the country’s only team with capabilities spanning chip fabrication, quantum computing, artificial intelligence, and photonic computing.
TuringQ has worked on lithium niobate materials and fabrication processes, developing wafer-scale, high-speed programmable photonic quantum chips. Its team has integrated more than 1,000 active and passive photonic devices on a single chip and developed a 32-by-32 ultrafast programmable photonic quantum chip with a clock speed of about ten gigahertz. The company said the technology lays a hardware foundation for the high-speed reconfiguration required for future real-time quantum error correction.
