Shares in the company rose 20 percent after results were published

Financial terms of the deal have not been disclosed

Construction of P&T7 will begin later this month

Former Intel CEO Pat Gelsinger joins company’s board of directors

Company was launched by Rigetti Computing founder in 2024

Potential for additional shares to be issued if DustPhotonics hits certain financial milestones

Financial terms of agreement have not been shared

Oversubscribed Series G round has valued the startup at $3.65bn

Project is one of six quantum pilot lines established under the EU Chips Act

Financial details have not been disclosed

Investors include NFX, TPY Capital, and Intel Capital

Deal will also see rack-scale engineers move over to d-Matrix

Apollo Global Management acquired the stake in 2024 for $11.2bn

The €404m share purchase agreement was signed last year

Agreement will see chipmaker Marvell provide custom XPUs and collaborate on optical interconnect and silicon photonics

Company reportedly in talks with Accel and Oxford Science Enterprises regarding investment

The newly launched RebelRack and RebelPod are available now

Funding was secured ahead of its announcement to go public last month

Move follows completion of SPAC merger with Crane Harbor Acquisition Corp.

AI cloud company Firebird has acquired 50,000 Nvidia GB300 GPUs for the facility

The Californian quantum computing company also plans to deploy 1,000-qubit system in the UK before end of the decade

Company is also exploring potential US listing to raise funds for much needed memory capacity increases

US gov’t will contribute $250m towards the investment

Activist investor to “engage” with Synopsys to align operational execution and profitability