Big tech is betting big on the Valley.
Quantum Computing Inc. (Nasdaq: QUBT), a leader in quantum optics and photonics, has opened the first U.S.-based thin film lithium niobate (TFLN) chip manufacturing facility in Tempe. Here’s what real estate investors in Maricopa County need to know:
Key Highlights
- 🏭 First-of-Its-Kind Facility: The 12,000 sq. ft. site at ASU Research Park will produce TFLN chips used in high-performance computing, AI, quantum sensing, and cybersecurity.
- 🧠 Why Arizona?: Chosen for its booming semiconductor industry, research talent, and state support for quantum technologies.
- 💼 Hiring & Expansion: The company plans to double its Arizona headcount and facility size within two years.
- 🚀 Early Traction: QCI is already fulfilling chip orders and was recently awarded a $407K NASA subcontract.
- 📉 Financial Snapshot: Despite just $62K in Q4 revenue, the firm is aggressively scaling to capture a slice of the multibillion-dollar electro-optic chip market.
Why It Matters for Arizona Real Estate Investors
- 📈 Job Growth = Housing Demand: More high-tech jobs mean more renters in the East Valley.
- 🏗️ Pro-Business Ecosystem: The facility aligns with Arizona’s push to be a semiconductor and quantum tech hub—spurring more industrial and residential development.
- 🏘️ Tenant Profile Upgrade: Higher-income tech workers boost potential rent rates and reduce turnover in professionally managed properties.
Quick Stats
- Investment: $8M+ in equipment/buildout
- Employees: 50 nationwide, 10+ in AZ (and growing)
- Expansion: Plans to double facility size within 2 years
Investor Takeaway
With AI and quantum computing fueling a new wave of industrial growth in Arizona, Tempe’s East Valley submarket is poised to benefit. For landlords and property managers, this means more high-skill renters, more consistent occupancy, and higher rent ceilings—especially if you’re near innovation hubs like ASU Research Park.