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1h ago

IonQ Agrees to Acquire Oxford Ionics in $1.075 Billion Quantum Computing Deal

Combining IonQ’s software-defined quantum stack with Oxford Ionics’ ion-trap semiconductor chips, the deal accelerates the company’s path toward fault-tolerant systems with millions of qubits, slated to close in late 2025.

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Overview

  • IonQ will pay $1.065 billion in stock and $10 million in cash for Oxford Ionics, merging its quantum application and networking stack with semiconductor-based ion-trap hardware.
  • The combined company expects to deliver systems with 256 physical qubits at 99.99% accuracy by 2026 and expand to over 10,000 qubits with 99.99999% accuracy by 2027.
  • Leveraging the acquisition, IonQ aims to achieve fault-tolerant quantum computers with 2 million physical qubits and 80,000 logical qubits by 2030.
  • IonQ’s shares jumped more than 11% in premarket trading following the announcement and the transaction is set to close in the second half of 2025 pending customary approvals.
  • Both companies were selected for DARPA’s Quantum Benchmarking Initiative and IonQ recently cut a Suzuki-Miyaura reaction simulation from months to days through a hybrid workflow with AstraZeneca, Amazon and NVIDIA.