IonQ Buys Oxford Ionics for $1.075B to Boost Quantum Computing [...]


IonQ Buys Oxford Ionics for $1.075B to Boost Quantum Computing Scalability




📅 - Quantum computing firm IonQ has announced a definitive agreement to acquire UK-based Oxford Ionics in a deal valued at approximately $1.075 billion, marking a significant consolidation within the emerging quantum hardware sector. Combining IonQ's quantum stack with Oxford Ionics' chip-based hardware aims to deliver scalable, reliable quantum computers.

The transaction, structured to include roughly $10 million in cash and the remainder in IonQ common stock, is designed to strengthen IonQ's leadership in fault-tolerant quantum computing and accelerate its long-term roadmap toward commercial-scale systems.

IonQ, a public company listed on the NYSE, specializes in trapped ion quantum [...][... Check source for end of article ...]
Tags: Quantum Computing

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