IonQ To Acquire SkyWater Technology In $1.8 Billion Deal To Strengthen Quantum Hardware Capabilities
The acquisition brings semiconductor fabrication in house, creating a vertically integrated quantum platform as IonQ scales next generation processors and expands manufacturing capacity across the United States.
IonQ, a leading developer of quantum computing hardware and technology platforms, today announced it has entered into a definitive agreement to acquire SkyWater Technology, the largest exclusively U.S.-based pure-play semiconductor foundry, in a transaction valued at approximately $1.8 billion. The deal will expand IonQ’s manufacturing footprint and enhance its hardware development and supply chain strength amid accelerating demand for advanced computing technologies.
Under the terms of the agreement, SkyWater shareholders will receive $15 in cash and $20 in IonQ common stock per share, subject to collar adjustments. The transaction is expected to close in the second or third quarter of 2026, pending regulatory and shareholder approvals.
Strategic Expansion and Vertical Integration
The acquisition enables IonQ to bring semiconductor fabrication capabilities in-house, significantly enhancing its ability to produce next-generation quantum processors and custom chip designs. SkyWater’s existing facilities in Minnesota, Florida and Texas will support increased manufacturing scale and accelerate development timelines for advanced quantum and semiconductor technologies.
Niccolo de Masi, Chairman and Chief Executive Officer of IonQ, said:
“IonQ’s acquisition of SkyWater creates the only vertically integrated, full-stack quantum platform company, uniquely positioned to accelerate quantum hardware innovation and delivery.”
The integration of design, fabrication and testing capabilities is expected to deliver streamlined development cycles and improved performance outcomes for IonQ’s expanding customer base, including government, defence and commercial partners.
Continuity and Growth for SkyWater
Upon completion of the transaction, SkyWater will operate as a wholly owned subsidiary of IonQ, retaining its existing leadership and continuing to support its diverse aerospace, defence and industrial customer portfolio. Thomas Sonderman, Chief Executive Officer of SkyWater Technology, will lead the combined manufacturing organisation and report directly to IonQ’s CEO.
Financial and Market Impact
The announcement of the transaction has been met with positive investor response, reflecting confidence in the combined entity’s strategic direction and its potential to compete in both quantum and semiconductor markets. Industry analysts highlight the acquisition as a pivotal step toward scalable quantum solutions that are tightly integrated with dedicated fabrication infrastructure.
