IonQ Acquires SkyWater in $1.8 Billion Deal to Bolster Quantum Computing Capabilities

IonQ has finalized a $1.8 billion cash and stock acquisition of SkyWater Technology, securing a domestic chip foundry to accelerate its quantum computing ambitions. The deal, set to be announced Monday, offers SkyWater shareholders $35 per share—$15 in cash and $20 in IonQ stock—a premium over SkyWater's Friday closing price of $31.32.

"This is our MOVE to ensure we become the 'Nvidia' of quantum," said IonQ CEO Niccolo de Masi. The acquisition aims to create a vertically integrated quantum platform, combining hardware control with in-house fabrication to reduce costs and expedite development. SkyWater, a neutral foundry serving defense and aerospace sectors, will retain its operations while enabling IonQ to mitigate reliance on overseas chip production.

The transaction reflects broader U.S. policy tailwinds favoring domestic semiconductor and quantum technology investments. De Masi emphasized the strategic timing, citing "considerable" industry momentum.