04:26 AM EST, 12/12/2024 (MT Newswires) -- STMicroelectronics ( STM ) and Quobly said Thursday they are collaborating to produce quantum computing processor units at scale.

Financial terms were not disclosed.

Quobly will use STMicroelectronics' ( STM ) semiconductor process technologies to "make large-scale quantum computing feasible and cost-effective," the companies said.

The two companies "aim to achieve a breakthrough in quantum computing" by working together to reduce research and development costs and meet demand for affordable quantum computing processors.