Overview
- IonQ will pay $35 per SkyWater share, split into $15 in cash and $20 in IonQ stock subject to a collar, valuing the transaction at about $1.8 billion.
- Closing is targeted for the second or third quarter of 2026, pending regulatory approvals and a vote by SkyWater shareholders.
- After closing, SkyWater will operate as a wholly owned subsidiary led by CEO Thomas Sonderman, who will report to IonQ CEO Niccolo de Masi.
- IonQ plans to use SkyWater’s facilities in Minnesota, Florida, and Texas, including Austin, as quantum production hubs and to begin testing planned 200,000‑qubit chips in 2028.
- SkyWater will continue serving aerospace, defense, and commercial customers with wafer services, advanced packaging, and specialized components such as atomic clocks as IonQ builds a secure domestic supply chain for federal demand.