IonQ Stock Rises as SkyWater Shareholders Approve SKYT Merger Deal SkyWater Technology, Inc. (SKYT) shareholders approved the company’s merger agreement with IonQ, Inc. (IONQ), marking a significant milestone in IonQ’s planned acquisition of the U.S.-based chip foundry. The vote, which took place at a special shareholder meeting, clears a critical hurdle in the deal, though finalization remains pending regulatory approvals and other customary closing conditions. The merger is expected to close in the second or third quarter of 2026, as outlined in SkyWater’s press release. The approval came as IonQ’s stock surged 3.27% on Friday, closing at $49.24. Analysts maintain a Moderate Buy rating for the stock, with an average price target of $60.86, suggesting approximately 23% upside from the last trading price. This positive movement reflects investor confidence in the merger’s potential to strengthen IonQ’s position in the quantum computing and semiconductor industries. IonQ, a quantum technology firm specializing in quantum computers and related systems, aims to expand its capabilities by integrating SkyWater’s expertise in chip manufacturing and advanced packaging. SkyWater operates fabrication facilities in Minnesota, Florida, and Texas, serving both commercial clients and federal defense programs. The merger is expected to enhance IonQ’s access to U.S.-based chip production capabilities, which are critical for scaling quantum systems and meeting the demands of defense and technology sectors. The strategic alignment between the two companies is particularly notable given SkyWater’s involvement in defense-grade work and emerging technologies like quantum computing.#quantum_computing #ionq #skywater_technology #skywater #chip_foundry
