IonQ to buy SkyWater for $1.8 billion to expand hardware capabilities - ET Telecom

Quantum computing leader IonQ will acquire semiconductor manufacturer SkyWater Technology in a $1.8 billion deal to bolster its hardware production capabilities. The acquisition, announced in January 2026, aims to integrate SkyWater’s U.S.-based foundry expertise with IonQ’s trapped-ion quantum processors, accelerating scalable quantum hardware development. SkyWater’s Minnesota facility will become a dedicated quantum chip production hub, reducing IonQ’s reliance on third-party manufacturers and streamlining supply chains for next-gen quantum systems. Analysts note the move signals IonQ’s shift toward vertical integration, mirroring strategies in classical computing where companies control both design and fabrication for competitive advantage. The deal underscores growing industry consolidation as quantum firms race to overcome hardware bottlenecks, with IonQ positioning itself as a full-stack quantum solutions provider.