SpinQ Technology Secures Hundreds of Millions of RMB in Series C Funding for Superconducting Scale-Up

Summary

SpinQ Technology announced a Series C round that raised hundreds of millions of RMB, earmarked for scaling its superconducting quantum chip line and advancing error‑correction, measurement, and control hardware toward a 100‑qubit processor. The funding supports a dual‑track strategy: exporting portable, educational NMR quantum computers to over 40 countries while deploying industrial‑grade superconducting systems to markets in the Middle East and Europe, creating a cash‑positive revenue stream alongside high‑performance R&D. CEO Xiang Jingen highlighted the capital will deepen industrial partnerships, boost supply‑chain resilience, and accelerate integration of quantum accelerators into HPC and domain‑specific applications such as finance and biopharma. This round marks a strategic shift in China’s quantum sector toward global commercialization and infrastructure leadership.