IonQ finalized its $1.8 billion acquisition of SkyWater Technology on July 31, marking its shift toward vertical integration. The deal involves approximately $741 million in cash and 24 million newly issued IonQ shares, resulting in a 6 to 11.7% dilution for existing shareholders. SkyWater, a semiconductor foundry generating $442 million in revenue in 2025, will operate as a wholly owned subsidiary while retaining its name and CEO. The combined entity is targeting approximately $800 million in annual run-rate revenue and aims to accelerate development of its 200,000-physical-qubit quantum processing units by 2028.
Source: Read the original article
