IonQ Paid $1.8 Billion for a Chip Foundry. Here's What Investors Should Know.
The quantum computing specialist now owns a chip factory that generates nearly twice its own revenue.
Overview
IonQ (NYSE: IONQ) completed its acquisition of SkyWater Technology at the end of July, handing over about $741 million in cash and roughly 24 million newly issued shares -- total consideration of about $1.8 billion. Against IonQ's market value of about $17.4 billion, that's roughly a tenth of the company spent on a single purchase.
And what it bought isn't a quantum computing company. SkyWater is a semiconductor foundry (a contract chip manufacturer) with plants in Minnesota, Florida, and Texas, and it produced about $442 million of revenue in 2025. That's nearly double the roughly $246 million IonQ itself generated over the past 12 months. The buyer, measured by sales, is the smaller business.
Details
Why would a quantum computing company need to own a chip factory?
Source
Originally published at www.fool.com.