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' 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.