On Monday, quantum computing company IonQ declared its intention to acquire chipmaker SkyWater Technology in a transaction valued at approximately $1.8 billion, to be financed through a mix of cash and stock. This strategic move will allow IonQ to bring semiconductor fabrication in-house, expedite the advancement of next-generation quantum processors, and bolster its supply chain resilience. In pre-market trading, IonQ's stock price saw a roughly 2% uptick, whereas SkyWater's shares experienced a surge exceeding 8%. IonQ has outlined plans to commence testing of a 200,000-qubit chip in 2028, a timeline that outpaces earlier projections. SkyWater is set to repurpose its manufacturing sites across several U.S. states, converting them into dedicated quantum chip production hubs for IonQ. Per the acquisition terms, SkyWater shareholders are poised to receive $15 in cash and $20 worth of IonQ stock for each share they own, marking a premium of nearly 12%. The deal is anticipated to finalize in either the second or third quarter of 2026. Following the acquisition, SkyWater will function as a fully owned subsidiary of IonQ. Its current CEO will retain operational leadership, reporting to IonQ's CEO, and will also continue to cater to SkyWater's existing clientele. IonQ has projected that its 2025 revenue will surpass the upper limit of its previous forecast.