IonQ Jumps 15.5% After SkyWater Shareholders Approve Foundry Merger
Updated
Updated · The Motley Fool · May 11
IonQ Jumps 15.5% After SkyWater Shareholders Approve Foundry Merger
10 articles · Updated · The Motley Fool · May 11
$56.89 IonQ shares closed up 15.54% after SkyWater Technology shareholders approved the merger agreement, clearing a key step in IonQ’s planned acquisition of the U.S. semiconductor foundry.
55.9 million IonQ shares changed hands—about 110% above its three-month average of 26.6 million—as investors focused on the deal’s potential to add in-house chip production and U.S.-based packaging.
Q2 or Q3 2026 is the expected closing window, with regulatory approvals and other customary conditions still required before the transaction can be completed.
SkyWater’s facilities in Minnesota, Florida and Texas are expected to expand IonQ’s manufacturing control and support its longer-term quantum hardware production roadmap.
How will IonQ's new chip-making power affect its rivals in the quantum race?
IonQ is onshoring chip production, but how will it solve foreign dependency on critical quantum minerals?