Singapore-based startup has developed a platform for growing 12-inch single-crystal 2D semiconductor materials

Company’s technology currently used to manufacture displays for AR glasses

Investment will include the establishment of a 140-acre research park

Size of investment has not been detailed

Former ASML CEO Peter Wennink has also joined as chairman of the board

Financing was raised across two tranches

Five new investors have participated in the round

Latest fundraise values company at more than $1bn

Financial terms of deal have not been disclosed

Deal with Bleichroeder Acquisition Corp. II has provided Pasqal with approximately $360 million in cash

Comes as chip giant denies claims it's been developing China-specific LPU

Comes weeks after company announced $300m fundraise

Findings based on responses from more than 200 companies

Announcements made alongside company’s Q2 2026 results

GPUs for initial CDC deployment have been ordered, companies said

Facility will support AMD GPU deployments once completed

Capacity will be deployed at Bitcoin miner’s campus in Rockdale, Texas

Company said it wants to provide information about the project, local residents remain unconvinced

Six quantum computing companies now publicly trading following SPAC mergers

Investors include Blackstone, Coatue, Nvidia, and Jane Street

Facility will employ 3,000 people from neighboring counties

Financial terms or expected timeline for completion were not disclosed

Rumors AI company was looking to develop its own custom silicon first emerged earlier this year

Data center revenue now represents 58 percent of total revenue