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TechCanada to loan quantum startup Xanadu $140 million for manufacturing plant

The Canadian government will lend C$195 million, or about $140.78 million, to quantum-computing startup Xanadu Quantum to establish a plant making photonic components for quantum computers. It is the country’s largest-ever support for the technology.

quantum computingXanadu QuantumCanadamanufacturing

RReuters★★★☆☆2026-08-28 20:35Original

Canada to loan quantum startup Xanadu $140 million for manufacturing plant
Canada to loan quantum startup Xanadu $140 million for manufacturing plantTech