IonQ Completes Acquisition of SkyWater Technology in a $1.8 Billion Deal
Quantum computing company IonQ has finalized its $1.8 billion acquisition of semiconductor foundry SkyWater Technology, following regulatory approval from the US Federal Trade Commission (FTC). The deal was first announced in January 2026 and aims to create a vertically integrated quantum platform by combining IonQ's expertise with SkyWater’s advanced manufacturing capabilities. Under terms of the agreement, SkyWater shareholders will receive $15.00 cash plus 0.4883 shares of IonQ common stock for each share held. Post-acquisition, SkyWater operates as a subsidiary under its existing name and continues to serve aerospace, defense, commercial sectors, while integrating quantum technologies into its offerings. IonQ expects the acquisition to accelerate development in fault-tolerant quantum computing by improving manufacturing timelines and enabling parallel wafer prototypes. The company plans functional testing of 200,000-qubit processors by 2028.
Topics: corporate restructuring FTC clearance quantum computing semiconductors