Stockholders of semiconductor foundry SkyWater Technology have approved the company’s merger with quantum computing company IonQ.
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SkyWater said the approval occurred during a special stockholder meeting held on Friday and that final voting results will be disclosed in a Securities and Exchange Commission filing.
What Are the Details of the Proposed SkyWater Acquisition?
In January, IonQ agreed to acquire semiconductor foundry SkyWater Technology in a cash-and-stock deal worth approximately $1.8 billion to establish a full-stack quantum platform and advance quantum computing development for defense and aerospace, finance, pharmaceuticals, and cloud computing applications.
Upon the deal’s closing, SkyWater will operate as a wholly owned subsidiary of IonQ under its existing name led by CEO Thomas Sonderman in support of defense and commercial clients.
The deal is expected to close in the second or third quarter of 2026, subject to required regulatory approvals and other customary closing conditions.
What Is SkyWater Technology?
SkyWater Technology is a U.S.-based semiconductor foundry that provides manufacturing and technology development services for federal defense and commercial customers. The company uses its Technology as a Service model to support the development of quantum computing and other emerging capabilities through its facilities in Minnesota, Florida and Texas.
SkyWater is a Defense Microelectronics Activity-accredited Category 1A Trusted Foundry that offers foundational node and advanced packaging capabilities to strengthen supply chains and critical infrastructure.
