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Canada-Japan Binational Funding Advances Xanadu and Mitsubishi Chemical Quantum Semiconductor Partnership

Photonic quantum computing developer Xanadu (NASDAQ/TSX: XNDU) and Japanese chemical manufacturer Mitsubishi Chemical have announced the second phase of their joint R&D partnership to advance semiconductor fabrication through quantum simulation. The expanded initiative is supported by binational funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) and Japan’s Strategic Innovation Promotion Program (SIP). The SIP program component is led by Japan’s National Institute of Advanced Industrial Science and Technology (AIST) and the Global Research and Development Center for Business by Quantum-AI Technology (G-QuAT).