Exclusive | Quantum-Computing Company IonQ to Buy Chip Maker SkyWater for $1.8 Billion

Quantum-computing company

IonQ

IONQ

decrease; red down pointing triangle struck a deal to buy chip maker SkyWater Technology SKYT -5.32%decrease; red down pointing triangle for $35 a share, or roughly $1.8 billion, executives told The Wall Street Journal.

IonQ Chairman and Chief Executive Officer Niccolo de Masi said the deal builds on enthusiasm from the Trump administration for semiconductor manufacturing and quantum-computing technology in the U.S.