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@IonQ_Inc's $1.8B acquisition of
@SkyWaterFoundry puts manufacturing ownership at the center of its quantum strategy.
The company reported $80.1M in Q2 2026 revenue, up 287% year over year. SkyWater adds an accredited U.S. semiconductor foundry and advanced packaging capabilities to support the development and production of its quantum systems.
The acquisition also creates a distinct position within the peer group. Other providers rely on external fabrication, foundry partnerships or facilities dedicated to their own chips. IonQ now owns a merchant foundry that serves other quantum companies, creating an opportunity to support the broader market while advancing its own hardware.
That model could shorten development cycles and improve supply chain control. Its success will depend on integrating SkyWater, meeting hardware milestones and maintaining the trust of third-party customers.
Explore what this manufacturing strategy means for quantum competition and the milestones that will determine its commercial value:
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