SkyWater Technology jumps on IONQ's $1.8 billion takeover offer

IONQ

26/01/2026 14:46

Updates

** Shares of chipmaker SkyWater Technology SKYT.O surge 7.3% to $33.48 in morning trading

** IONQ IONQ.N says it has signed a deal to buy SKYT for about $1.8 billion

** Shares of IONQ jump 4.3% at $49.17

** SKYT shareholders will receive $15 in cash and $20 in IONQ stock for each share of SkyWater stock

** The deal is expected to close in the second or third quarter of 2026, after which SKYT will operate as a wholly owned subsidiary, remaining under the leadership of CEO Thomas Sonderman, who will report to IonQ CEO Niccolo de Masi

** In 2025, SKYT gained ~32%, while IONQ was up ~7%

 (Reporting by Jaspreet Singh in Bengaluru)

 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))