IonQ Acquires SkyWater Technology in $1.8 Billion Deal

IonQ, a leading quantum computing firm, has announced its acquisition of SkyWater Technology, a U.S.-based semiconductor foundry, in a cash-and-stock transaction valued at approximately $1.8 billion. Under the terms of the deal, SkyWater shareholders will receive $35 per share, comprising $15 in cash and $20 in IonQ stock. This offer represents a 38% premium over SkyWater's 30-day volume-weighted average price as of January 23, 2026. The transaction is expected to close in the second or third quarter of 2026, pending shareholder and regulatory approvals.

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The acquisition aims to create a vertically integrated platform for quantum computing and semiconductor manufacturing, allowing IonQ to bring semiconductor production in-house. This move is anticipated to enhance IonQ's ability to develop next-generation quantum processors, with plans to begin functional testing of 200,000-qubit systems by 2028. By controlling its own chip production, IonQ seeks to secure its supply chain and reduce manufacturing costs, thereby accelerating its roadmap toward fault-tolerant quantum computing.

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SkyWater Technology, headquartered in Bloomington, Minnesota, is recognized as the largest pure-play semiconductor foundry in the U.S. The company specializes in manufacturing chips for various sectors, including aerospace and defense. Following the acquisition, SkyWater will operate as a wholly owned subsidiary of IonQ, retaining its name and continuing to serve its existing customer base.

IonQ to Buy Bloomington-based Company for $1.8B

Niccolo de Masi, IonQ's CEO, emphasized the transformative nature of the acquisition, stating, “This transformational acquisition enables IonQ to materially accelerate its quantum computing roadmap and secure its fully scalable supply chain domestically.” He noted that the merger would enhance the U.S.'s technological capabilities in quantum computing and national security. Thomas Sonderman, CEO of SkyWater, remarked, “Joining forces with IonQ will accelerate multiple engineering pathways for next-generation quantum chips, delivering speed, precision, and scale.”

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While the acquisition is largely seen as a strategic move to bolster U.S. semiconductor manufacturing, some analysts express caution regarding the capital-intensive nature of the operation. Concerns have been raised about whether IonQ can effectively manage the complexities of semiconductor manufacturing while maintaining its focus on quantum computing development.

IonQ to Acquire SkyWater Technology

The deal is subject to approval from SkyWater's shareholders and regulatory bodies. If successful, it will position IonQ as a key player in the U.S. quantum computing landscape, with a fully integrated supply chain that supports both commercial and defense applications. The combined entity is expected to hold an investor event in the third quarter of 2026 to discuss future developments.

IonQ to buy SkyWater for $1.8 billion to expand hardware capabilities

• “This transformational acquisition enables IonQ to materially accelerate its quantum computing roadmap and secure its fully scalable supply chain domestically.” — Niccolo de Masi, CEO of IonQ

IonQ to Acquire SkyWater Technology

• “Joining forces with IonQ will accelerate multiple engineering pathways for next-generation quantum chips, delivering speed, precision, and scale.” — Thomas Sonderman, CEO of SkyWater Technology

IonQ to Acquire SkyWater Technology

This acquisition marks a significant step for IonQ as it seeks to enhance its technological capabilities and secure its position in the rapidly evolving quantum computing market.

IonQ to Acquire SkyWater Technology