IonQ Paid $1.8 Billion for a Chip Foundry. Here's What Investors Should Know.
IonQ said it completed its acquisition of SkyWater Technology at end-July for about $1.8 billion, including about $741 million cash and ~24 million newly issued IonQ shares. The deal was announced in January and cleared by regulators in late July. SkyWater reported about $442 million revenue in 2025. IonQ expects fault-tolerant milestones, with functional testing of 200,000-qubit processors in 2028.





