FTC approves IonQ acquisition of SkyWater semiconductor foundry

Key facts

• The FTC has approved IonQ's acquisition of SkyWater Technology.
• The acquisition is valued at $1.8 billion.
• FTC leadership was split on imposing conditions for the acquisition.
• The deal was approved without any changes or conditions.
• IonQ is a quantum computing firm.
• SkyWater Technology is a semiconductor foundry and chipmaker.

The Federal Trade Commission (FTC) has given its approval for the acquisition of SkyWater Technology by quantum computing firm IonQ. The transaction is valued at $1.8 billion. The FTC's leadership was divided on whether to attach conditions to the approval. Ultimately, the agency decided to clear the deal without any modifications. This decision permits IonQ to move forward with its plan to acquire the semiconductor foundry. SkyWater Technology is a chipmaker that operates a foundry. The acquisition is expected to bolster IonQ's capabilities in the quantum computing sector by integrating SkyWater's manufacturing expertise.