AI & Enterprise
IonQ to buy SkyWater Technology for $1.8 billion
IonQ plans to acquire SkyWater Technology for $1.8 billion to bolster its quantum-chip manufacturing capabilities, SiliconANGLE reported. SkyWater, spun off in 2017 from a Cypress Semiconductor division, has focused on making cryogenic control electronics for quantum computers. IonQ aims to accelerate next-generation quantum chip development and plans to unveil a 200,000-qubit processor by 2028. SkyWater will continue its chip manufacturing business for existing customers after the acquisition.
