Canada-based startup Xanadu has raised US$100 million in Series C to build a fault-tolerant photonic quantum computer capable of reaching a million qubits, backed by Canada’s largest equity firm Georgian and other venture capitals. With a total valuation of US$1 billion, the unicorn has raised US$250 million in total since its foundation in 2016. Most notably, automaker Porsche – a Volkswagen subsidiary – is among Xanadu’s backers, marking another step taken by Volkswagen towards quantum computing research.

Taiwan’s amendment to a chip law aiming to defend the global competitiveness of the country’s chipmaking industry may benefit only a few big companies, according to industry sources.

During the second day of Qualcomm’s Snapdragon Summit 2022, the focus is on mobile devices other than phones, including PC, sound, wearables, and XR. The company has announced the S5 Gen 2 and S3 Gen 2 sound chip platforms, as well as the brand-new AR platform Snapdragon AR2 Gen 1 that uses a 4nm process node and targets the AR glasses market.

Taiwan-based III-V semiconductor and optical sensor companies are all gearing up for a boom in demand for metalens-based VR and AR devices from Meta, Sony and other vendors, according to supply chain sources.