US EditionMaryland Quantum Computing Company IonQ Makes $1B Acquisition to Speed Development
- IonQ revealed on Monday its plan to purchase Oxford Ionics in a transaction valued at approximately $1.075 billion, combining their respective quantum technology capabilities.
- IonQ’s acquisition follows its recent momentum and aims to accelerate quantum computing through Oxford Ionics’ ion-trap-on-a-chip technology.
- The merged company aims to develop quantum computers featuring 256 physical qubits with 99.99% accuracy by 2026, and plans to expand its capacity to 2 million qubits by 2030.
- As of March 31, 2025, IonQ reported having $697.1 million in cash and cash equivalents, and its stock climbed more than 3% in premarket trading Monday following the announcement of the acquisition.
- This acquisition positions IonQ to lead in fault-tolerant quantum computing, targeting transformative value for customers and advancing market leadership.
34 Articles
34 Articles
In a bold move, IonQ, the Maryland-based quantum computing firm, has announced the acquisition of the British startup Oxford Ionics. This purchase, valued at the staggering sum of $1,075 billion, is projected as a strategic step for IonQ, strengthening its leading position in the field of quantum computing. According to the original report, the announcement became official this Monday, making clear IonQ's expansion intentions.The future of Oxfor…
IonQ announces an agreement to acquire Oxford Ionics, accelerating the path of the introduction of innovations in quantum calculation
IonQ acquires UK quantum startup Oxford Ionics for nearly $1.1 billion - Tech Startups
IonQ is acquiring UK quantum startup Oxford Ionics in a deal worth just under $1.1 billion, marking one of the largest moves yet in the quantum computing space. It’s the second big M&A move announced Monday, trailing Qualcomm’s $2.4B acquisition of […] The post IonQ acquires UK quantum startup Oxford Ionics for nearly $1.1 billion first appeared on Tech Startups.
Coverage Details
Bias Distribution
- 67% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
