Xanadu and AMD Accelerate Quantum Computing for Aerospace and Engineering

Rhea-AI Summary

Xanadu (CHAC) and AMD demonstrated hybrid quantum-classical aerospace simulations using PennyLane and AMD DevCloud, compiling and running a CFD model with 256x256 matrix elements via a 20-qubit program and ~35 million quantum gates.

The collaboration delivered a 25x simulation speedup moving QSVT workloads from CPU to a single AMD GPU and translated a 68-qubit circuit into >15 million hardware-optimized gates, positioning the partners to support next-generation quantum-classical aerospace applications.

Positive

• Simulation time reduced by 25x when moving QSVT workloads from CPU to a single AMD GPU
• Demonstrated CFD hybrid program with 256x256 matrix elements using 20 qubits and ~35 million quantum gates
• Compiled a 68-qubit circuit into >15 million hardware-optimized gates for future fault-tolerant systems
• Partnership with AMD provides access to AMD DevCloud high-performance compute for scalable quantum-classical workflows

Negative

• None.

News Market Reaction – CHAC

%

1 alert

% News Effect

On the day this news was published, CHAC declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

CFD model size: 256x256 matrix elements Qubits used: 20 qubits Quantum gates: 35 million quantum gates +3 more

6 metrics

CFD model size 256x256 matrix elements Hybrid quantum-classical CFD simulation

Qubits used 20 qubits Hybrid CFD quantum simulation

Quantum gates 35 million quantum gates Hybrid CFD simulation workload

QSVT speedup 25 times Simulation time reduction moving from CPU to single AMD GPU

Large circuit size 68 qubits Circuit translated by PennyLane’s Catalyst compiler

Optimized gates 15 million+ gates Hardware-optimized gates for future fault-tolerant systems

Market Reality Check

Price: $10.28 Vol: Volume 554,023 vs 20-day ...

normal vol

$10.28 Last Close

Volume Volume 554,023 vs 20-day average 428,472 (1.29x), indicating modestly elevated trading interest pre‑announcement. normal

Technical Shares at 10.28, trading slightly below 200-day MA of 10.54 ahead of this partnership news.

Peers on Argus

No peer stocks with momentum data or same-day headlines were flagged, suggesting...

No peer stocks with momentum data or same-day headlines were flagged, suggesting the slight -0.1% move reflected stock-specific trading rather than a broader Blank Checks sector trend.

Historical Context

5 past events · Latest: Mar 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 06	Government grant award	Positive	-0.1%	ARPA-E grant of $2,027,507 to advance battery-focused quantum platform.
Mar 05	Analyst Day highlights	Positive	+0.0%	Analyst Day outlining photonic quantum strategy, $275M PIPE and cash outlook.
Mar 04	Analyst Day, de-SPAC	Positive	+0.0%	Analyst Day detailing business combination, $3.1B enterprise value and 2029+ roadmap.
Mar 02	Form F-4 effective	Positive	-0.5%	SEC effectiveness of Form F-4 for de-SPAC with expected $500M gross proceeds.
Feb 25	Industrial R&D partnership	Positive	+0.3%	Mitsubishi Chemical collaboration on EUV lithography quantum algorithms under 500 qubits.

Pattern Detected

Recent positive strategic and transaction news often led to flat or only modest price changes, with some slight divergences into negative territory.

Recent Company History

Over the last few weeks, CHAC-related Xanadu news focused on its de‑SPAC path, financing and industrial quantum use cases. Announcements included an ARPA‑E grant of $2,027,507, details of a proposed business combination implying a $3.1B pro forma enterprise value and roughly $455M expected net cash, and an SEC‑effective Form F‑4 targeting about US$500M in gross proceeds. Technical collaborations, such as with Mitsubishi Chemical on EUV lithography algorithms, reinforced the industrial quantum computing narrative. Price reactions to these largely positive items were mostly flat with a mix of small gains and declines.

Market Pulse Summary

This announcement highlights Xanadu’s collaboration with AMD to run hybrid quantum‑classical CFD sim...

Analysis

This announcement highlights Xanadu’s collaboration with AMD to run hybrid quantum‑classical CFD simulations for aerospace, using 20 qubits and workloads with tens of millions of quantum gates. It extends a recent string of industrial and capital-markets milestones, including grants and the proposed de‑SPAC transaction. Investors monitoring this story may focus on how often such technical advances translate into concrete aerospace or engineering partnerships, and how they complement previously disclosed plans for funding, commercialization timing and large-scale quantum infrastructure.

Key Terms

computational fluid dynamics, cfd, qubits, quantum gates, +3 more

7 terms

computational fluid dynamics technical

"Aerospace engineers rely on computational fluid dynamics (CFD) simulations"

A computer-based method for creating virtual models of how liquids and gases move and interact with objects, like a digital wind tunnel that predicts airflow, water flow or blood flow around designs. Investors care because it lets companies test and improve products, cut costly physical prototypes, and spot problems earlier—which can speed development, reduce R&D costs and lower the risk that a product or design will fail in the real world.

cfd technical

"has successfully demonstrated CFD simulations within a hybrid quantum-classical program"

A CFD (contract for difference) is a financial agreement that lets an investor profit from the change in an asset’s price without actually owning that asset — like betting on a car’s value rising or falling without buying the car. It matters because CFDs use leverage, which can amplify gains and losses and allow easy access to different markets, so they change an investor’s potential return and risk profile and can lead to rapid losses if prices move unfavorably.

qubits technical

"This hybrid program utilized 20 qubits and approximately 35 million quantum gates"

Qubits are the basic units of information in quantum computing, similar to how traditional computers use bits. Unlike regular bits that are either 0 or 1, qubits can represent both at the same time, allowing quantum computers to process complex problems much faster. This potential for unprecedented speed and power could transform industries, making qubits a key focus for investors interested in cutting-edge technology.

quantum gates technical

"utilized 20 qubits and approximately 35 million quantum gates, pushing the boundaries"

Quantum gates are the basic operations that manipulate quantum bits (qubits) inside a quantum computer, similar to how switches and logic gates control bits in ordinary computers. They determine what calculations a quantum machine can perform and how accurately it does them, so progress in gate quality, speed and error rates directly affects the practical value and commercial prospects of quantum technologies — information investors use to assess potential future returns.

fault-tolerant quantum computing technical

"As the industry advances toward fault-tolerant quantum computing, the ability to compile"

Fault-tolerant quantum computing is the ability of a quantum computer to keep producing correct results even when its basic parts make mistakes, by detecting and fixing errors and using redundancy so the machine continues to work reliably. For investors, it matters because fault tolerance is the key to scaling quantum machines from experimental demos into practical, revenue-generating systems—think of it like having backups and automatic repairs that make a prototype road-ready and lower the technology’s commercial and technical risk.

quantum singular value transformation technical

"core quantum algorithm, the Quantum Singular Value Transformation (QSVT), which is a key"

A quantum singular value transformation is a quantum computing technique that selectively reshapes the numerical strengths inside a matrix-like data operation, much like an audio equalizer adjusts the loudness of different frequencies. For investors it matters because the method can make quantum algorithms for tasks such as optimization, simulation and machine learning substantially more efficient or accurate, affecting how quickly quantum technologies become commercially useful and which companies gain an edge.

gpu technical

"moving from a traditional CPU to a single AMD GPU, the team reduced simulation time"

A GPU (graphics processing unit) is a specialized computer chip designed to handle many calculations at once, originally for rendering images and video but now widely used for tasks like artificial intelligence, data analysis and high-performance computing. Investors watch GPU demand and prices because strong sales often signal growth for chip makers and their customers, affect profit margins and capital spending, and can forecast wider trends in gaming, AI adoption and cloud services.

AI-generated analysis. Not financial advice.

TORONTO, March 10, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, today announced a major step forward in bringing quantum computing closer to real-world aerospace and engineering applications by leveraging AMD HPC and AI technologies. By combining Xanadu’s PennyLane quantum software with AMD high-performance computing solutions on the AMD DevCloud, Xanadu successfully demonstrated how advanced aerospace simulations can be prepared and run in a hybrid quantum-classical environment.

Aerospace engineers rely on computational fluid dynamics (CFD) simulations to optimize design and enhance aircraft efficiency. Xanadu, powered by the AMD DevCloud, has successfully demonstrated CFD simulations within a hybrid quantum-classical program, showcasing the significant potential of quantum computing for the industry. The work centered on the compilation and execution of a CFD model with 256x256 matrix elements. This hybrid program utilized 20 qubits and approximately 35 million quantum gates, pushing the boundaries of current CFD quantum simulations. As the industry advances toward fault-tolerant quantum computing, the ability to compile and optimize programs of this scale will become a critical competitive advantage. This milestone demonstrates that Xanadu and AMD can support next-generation quantum-classical applications by combining their respective technologies and expertise, helping transition quantum computing from research environments toward industrial use in aerospace and engineering.

“Seeing AMD high-performance compute boost the performance of PennyLane is a clear proof point of how quantum and classical technologies can effectively work together,” said Madhu Rangarajan, Corporate Vice President, Compute and Enterprise AI, AMD. “This work further underscores the importance of seamless integration between classical and quantum computing. The work between AMD and Xanadu expands the boundaries of what is possible for users investigating hybrid quantum/classical computing using AMD compute today.”

"Accelerating quantum applications for the aerospace industry requires close collaboration between quantum software and high-performance computing," said Christian Weedbrook, Founder and Chief Executive Officer of Xanadu. "Our partnership with AMD brings these capabilities together to address real engineering challenges today. By optimizing how large-scale quantum programs are compiled and simulated, we are helping ensure the aerospace industry is ready to adopt fault-tolerant quantum computing as soon as it becomes available.”

The collaboration has also improved the performance of a core quantum algorithm, the Quantum Singular Value Transformation (QSVT), which is a key driver for a variety of applications, including those relevant to aerospace engineering. Xanadu found that by moving from a traditional CPU to a single AMD GPU, the team reduced simulation time by 25 times, demonstrating the immediate value of high-performance computing in accelerating quantum workflows. Using PennyLane’s Catalyst compiler, they also translated a 68-qubit quantum circuit into more than 15 million hardware-optimized gates, preparing it for future fault-tolerant quantum systems.

As aerospace organizations look to turn quantum research into practical advantage, scalable software and powerful computing infrastructure will be essential. Through their partnership, Xanadu and AMD are bringing quantum and classical technologies together in a way that helps industry prepare today for the next generation of quantum computers.

About Xanadu
Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world's leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development. Visit xanadu.ai or follow us on X @XanaduAI.

Press Contact:
press@xanadu.ai

Investor Relations:
investors@xanadu.ai

Business Combination

Xanadu recently announced a business combination agreement with Crane Harbor Acquisition Corp. (“Crane Harbor”) (Nasdaq: CHAC), a publicly traded special purpose acquisition company. The combined company, Xanadu Quantum Technologies Limited (“NewCo”), is expected to be capitalized with approximately US$500 million in gross proceeds, comprising approximately US$225 million from Crane Harbor’s trust account, assuming no redemptions by Crane Harbor’s public stockholders, as well as US$275 million from a group of strategic and institutional investors participating in the transaction via a common equity committed private placement investment. NewCo is expected to be listed on the Nasdaq Stock Market and on the Toronto Stock Exchange.

About Crane Harbor Acquisition Corp

Crane Harbor Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Additional Information About the Proposed Transaction and Where to Find It

The proposed business combination transaction will be submitted to shareholders of Crane Harbor and Xanadu for their consideration. NewCo and Crane Harbor have jointly filed a registration statement on Form F-4 (the “Registration Statement”) to the U.S. Securities and Exchange Commission (the “SEC”). The Registration Statement includes a proxy statement/prospectus to be distributed to Crane Harbor’s shareholders in connection with Crane Harbor’s solicitation of proxies for the vote by Crane Harbor’s shareholders in connection with the proposed transaction and other matters to be described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Xanadu’s shareholders in connection with the completion of the proposed transaction. After the Registration Statement has been publicly filed and declared effective by the SEC, a definitive proxy statement/prospectus and other relevant documents will be mailed to Crane Harbor shareholders as of the record date established for voting on the proposed transaction. Before making any voting or investment decision, Crane Harbor’s shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, as well as other documents filed with the SEC by NewCo and/or Crane Harbor in connection with the proposed transaction, as these documents will contain important information about NewCo, Crane Harbor, Xanadu and the proposed transaction. Shareholders may obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed by NewCo and/or Crane Harbor with the SEC, without charge, at the SEC’s website located at www.sec.gov, Crane Harbor’s website at www.craneharboracquisition.com or by emailing investors@xanadu.ai.

Forward-Looking Statements

This communication includes “forward-looking statements” within the meaning of the U.S. federal securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. We have based these forward-looking statements on current expectations and projections about future events. These statements include: the stock exchanges on which the shares of the combined company are expected to trade; pro forma enterprise value of the combined company; market capitalization of the combined company; proceeds from the business combination and related PIPE; funds received by the combined company from Crane Harbor’s trust account and redemptions by Crane Harbor’s public shareholders; projections regarding Xanadu’s ability to commercialize new products and technologies and the timing thereof; the successful consummation and potential benefits of the proposed transaction and expectations related to its terms and timing; Xanadu becoming the first and only publicly traded pure-play photonic quantum computing company; and the expected timing of closing of the business combination.

These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of Xanadu and Crane Harbor. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause the actual results of the combined company following the proposed transaction, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such statements. Such risks and uncertainties include: that Xanadu is pursuing an emerging technology, faces significant technical challenges and may not achieve commercialization or market acceptance; Xanadu’s historical net losses and limited operating history; that there is substantial doubt about Xanadu's ability to continue as a going concern; Xanadu’s expectations regarding future financial performance, capital requirements and unit economics; Xanadu’s use and reporting of business and operational metrics; Xanadu’s competitive landscape; Xanadu’s dependence on members of its senior management and its ability to attract and retain qualified personnel; the potential need for additional future financing; Xanadu’s ability to manage growth and expand its operations; potential future acquisitions or investments in companies, products, services or technologies; Xanadu’s reliance on strategic partners and other third parties; Xanadu’s concentration of revenue in contracts with government or state-funded entities; Xanadu’s ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data protection or cybersecurity incidents and related regulations; the use, rate of adoption, and regulation of artificial intelligence and machine learning; uncertainty or changes with respect to laws and regulations; uncertainty or changes with respect to taxes, trade conditions and the macroeconomic environment; material weaknesses in Xanadu's internal control over financial reporting and the combined company’s ability to maintain internal control over financial reporting and operate as a public company; the possibility that required shareholder and regulatory approvals for the proposed transaction are delayed or are not obtained, which could adversely affect the combined company or the expected benefits of the proposed transaction; the risk that shareholders of Crane Harbor could elect to have their shares redeemed, leaving the combined company with insufficient cash to execute its business plans; the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; the outcome of any legal proceedings or government investigations that may be commenced against Xanadu or Crane Harbor; failure to realize the anticipated benefits of the proposed transaction; the ability of Crane Harbor or the combined company to issue equity or equity-linked securities in connection with the proposed transaction or in the future; and other factors described in Crane Harbor’s filings with the SEC. These forward-looking statements are based on certain assumptions, including that none of the risks identified above materialize; that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by Xanadu, Crane Harbor or the combined company resulting from the proposed transaction with the SEC, including under the heading “Risk Factors.” If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, these statements reflect the expectations, plans and forecasts of Xanadu’s and Crane Harbor’s management as of the date of this communication; subsequent events and developments may cause their assessments to change. While Xanadu and Crane Harbor may elect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so, unless required by applicable securities laws. Accordingly, undue reliance should not be placed upon these statements.

In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this presentation, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.

An investment in Crane Harbor is not an investment in any of Crane Harbor’s founders’ or sponsors’ past investments, companies or affiliated funds. The historical results of those investments are not indicative of future performance of Crane Harbor, which may differ materially from the performance of Crane Harbor’s founders’ or sponsors’ past investments.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. This press release is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering in any province or territory of Canada. In addition, no securities commission or similar regulatory authority in Canada has reviewed or in any way passed upon this press release or the merits of any of the securities described herein and any representation to the contrary is an offense.

Participants in the Solicitation

NewCo, Crane Harbor, Xanadu and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from Crane Harbor’s shareholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Crane Harbor’s shareholders in connection with the proposed transaction will be set forth in proxy statement/prospectus when it is filed by NewCo with the SEC. You can find more information about Crane Harbor’s directors and executive officers in Crane Harbor’s final prospectus related to its initial public offering filed with the SEC on April 25, 2025 and in the subsequent Quarterly Reports on Form 10-Q filed by Crane Harbor with the SEC. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources described above.

FAQ

What did Xanadu and AMD demonstrate for aerospace CFD on March 10, 2026 (CHAC)?

They demonstrated a hybrid quantum-classical CFD simulation using a 20-qubit program and ~35 million quantum gates. According to the company, the run used a 256x256 matrix model on AMD DevCloud combining PennyLane with AMD HPC.

How much faster was the QSVT simulation on AMD GPU compared with CPU for CHAC's announcement?

The team reported a 25x reduction in simulation time when moving QSVT from CPU to one AMD GPU. According to the company, this highlights immediate value of AMD high-performance compute for quantum workflows.

What quantum resources did Xanadu compile for future fault-tolerant systems in the CHAC news?

Xanadu translated a 68-qubit circuit into more than 15 million hardware-optimized gates for fault-tolerant targets. According to the company, this used PennyLane’s Catalyst compiler to prepare large-scale programs.

Does the Xanadu–AMD partnership make quantum computing ready for aerospace engineering today (CHAC)?

The partnership advances readiness by combining scalable software and HPC to run large hybrid simulations now. According to the company, these demonstrations help industry prepare for fault-tolerant quantum adoption.

What specific CFD scale did Xanadu run in the AMD-enabled hybrid demonstration (CHAC)?

The hybrid program compiled and executed a CFD model with 256x256 matrix elements using hybrid quantum-classical methods. According to the company, this scale pushed current CFD quantum simulation boundaries.