Toronto quantum computing developer Xanadu is negotiating up to US$390 million in public financing from the federal and Ontario governments to support domestic manufacturing expansion. The funding would help build capacity to test, prepare, and assemble quantum hardware for a planned Toronto data centre targeted before 2030.
Xanadu already opened a $10-million chip packaging line last year and previously secured $40 million through Ottawa’s Strategic Innovation Fund. Governments are still conducting due diligence before any agreements are finalized. The investment aims to strengthen Canada’s position in the global quantum computing race.
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