Trapped-ion quantum computing developer IonQ (NYSE: IONQ) has officially completed its acquisition of SkyWater Technology (NASDAQ: SKYT), the largest exclusively U.S.-based semiconductor foundry. Following final regulatory approvals, the transaction closed on July 31, 2026, establishing IonQ as a vertically integrated quantum platform company with internal ownership of design, wafer fabrication, advanced packaging, and system-level deployment.
Under the financial terms of the agreement, SkyWater shareholders received $15.00 in cash and 0.4883 shares of IonQ common stock for each share of SkyWater common stock held at closing. SkyWater will operate as a wholly owned subsidiary of IonQ under the SkyWater name, led by Chief Executive Officer Thomas Sonderman, who reports directly to IonQ Chairman and CEO Niccolo de Masi. The subsidiary will maintain its pure-play, DMEA Category 1A Trusted Foundry model to serve its existing defense and commercial customer base across its state-of-the-art facilities in Minnesota, Florida, and Texas.
By integrating SkyWater’s semiconductor manufacturing capabilities directly into its supply chain, IonQ aims to accelerate its fault-tolerant quantum computing roadmap while securing an onshore supply chain for its next-generation trapped-ion QPUs, quantum sensing products, and quantum networking hardware. The combined company will host its Q2 2026 financial earnings call on August 5, 2026, after market close, followed by an investor day scheduled for September 8, 2026.
Review the official completion press release on the IonQ Investor portal here, and examine our previous coverage of IonQ clearing its final regulatory hurdle here, the initial $1.8 billion transaction announcement here, and the economic analysis of quantum fabrication throughput here.
July 31, 2026
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