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Xanadu to Open Photonics Hub in Toronto With $195M Canada Loan

Xanadu Quantum Technologies Limited logoXanadu Quantum Technologies Limited
Sig4.22Sen+6.46Env0.00Soc0.00Gov+0.63

Quantum computing firm Xanadu plans to open an advanced photonics research and manufacturing hub in Etobicoke, Toronto, in the former Campbell’s Soup factory. It has a definitive deal for the Government of Canada to loan it $195 million CAD as part of Project OPTIMISM, supporting a 158,000-square-foot facility to operate over five years and accelerate development for quantum data centres by 2029.

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