The $1.8 billion deal would give IonQ a U.S.-based trusted foundry for quantum chip production, with the first combined earnings call set for Aug. 5 and an investor day on Sept. 8.
IonQ said it has received final regulatory approval to complete its $1.8 billion acquisition of SkyWater Technology and expects to close the transaction on Friday, July 31, 2026. The deal, announced in January, would give IonQ control of the largest exclusively U.S.-based semiconductor foundry and a domestic manufacturing base for the ion-trap chips used in its quantum systems. SkyWater shareholders are set to receive $35.00 per share, made up of $15.00 in cash and $20.00 in IonQ common stock, subject to a collar mechanism tied to IonQ's trading price near closing. IonQ said the acquisition is intended to accelerate its quantum hardware roadmap by shortening chip design and fabrication cycles and by bringing manufacturing in-house at SkyWater's facilities in Minnesota, Florida, and Texas. After closing, SkyWater will operate as a wholly owned subsidiary under its own name and continue serving commercial and government customers. Thomas Sonderman will continue to lead the subsidiary and report to IonQ Chairman and CEO Niccolo de Masi. The combined company plans to hold its first joint financial briefing with a second-quarter 2026 earnings call on Aug. 5 after the U.S. market closes, followed by an investor day on Sept. 8. IonQ has framed the deal as a step toward a vertically integrated quantum hardware business with a domestic supply chain that includes a DMEA Category 1A Trusted Foundry, a designation used for sensitive U.S. defense microelectronics work. The company has said the acquisition could help advance its longer-term engineering roadmap, though those qubit and timing targets remain company projections rather than guarantees.