IonQ agrees to acquire SkyWater Technology for about $1.8B

IonQ/Tempo and 2D-chip roadmap

IonQ agreed to acquire SkyWater Technology, a US semiconductor foundry, for $1.8 billion in cash and stock ($15 cash + $20 stock per share). The deal creates the first vertically integrated quantum platform company by combining IonQ's quantum technology with SkyWater's chip manufacturing, letting IonQ control wafer iterations and serving US defense programs.

• Deal structure: $15/share in cash, $20/share in IonQ stock; 200,000-qubit processor testing to begin 2028, enabling 8,000+ logical qubits.
• SkyWater continues as subsidiary in Minnesota with facilities in Florida and Texas serving both quantum and existing foundry customers.
• SkyWater holds DMEA Category 1 Trusted Foundry accreditation, strengthening IonQ's position for US federal and defense work.