Shareholders approved IonQ’s $1.8 billion deal for SkyWater, boosting the quantum computing firm’s supply chain control and stock price.
IonQ (IONQ) shares climbed over 15% Monday, reaching a six-month high as quantum stocks rallied. The gain followed shareholder approval of IonQ’s $1.8 billion acquisition of semiconductor foundry SkyWater, which will integrate US-based manufacturing into IonQ’s supply chain.
The deal, still pending regulatory clearance, is expected to close in late 2026. IonQ recently raised its full-year revenue forecast but saw shares dip after first-quarter earnings highlighted ongoing losses and a speculative path to commercialization.
IonQ has rebounded 85% from its March 30 low but remains 30% below its record high. The broader quantum sector also recovered, with peers like D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) posting gains of 50-75% since late March.