F.M.I.E Sources Report: IonQ Acquires UK-Based Quantum Startup Oxford Ionics in $1.1 Billion Deal
Key Highlights
IonQ is set to acquire U.K.-based quantum computing startup Oxford Ionics in a landmark deal valued at approximately $1.1 billion, marking one of the largest acquisitions in the quantum tech space to date, F.M.I.E Sources has learned.
The strategic move aims to merge IonQ’s quantum computing hardware and software expertise with Oxford Ionics’ advanced semiconductor chip technology, setting the stage for significant innovation in the quantum computing sector. Both companies jointly announced that the integration of their technologies could accelerate commercial breakthroughs and enhance the delivery of enterprise applications powered by quantum systems.
“We believe the advantages of our combined technologies will set a new standard within quantum computing and deliver superior value for our customers,” said IonQ CEO Niccolo De Masi, in a statement made available to F.M.I.E Sources.
The acquisition deal comprises $1.065 billion in IonQ shares and $10 million in cash, with the transaction expected to close later in the year.
According to the companies, the merged entity plans to develop quantum systems capable of:
- 256 qubits by 2026
- Over 10,000 qubits by 2027
- 2 million qubits by 2030
These ambitious milestones come as global interest in quantum computing accelerates, with major players like Microsoft and Alphabet unveiling new quantum chip advancements in recent months.
Quantum computing is increasingly viewed as a transformative force in solving complex problems beyond the capacity of classical systems. IonQ aims to be a leading player in this space, with its CEO expressing a vision to become the “800-pound gorilla” of the quantum world.
Shares of the Maryland-based IonQ climbed around 3% following the announcement. Though the stock is down approximately 6% year-to-date, it has soared more than 400% over the past 12 months, according to data reviewed by F.M.I.E Analysts.
The deal is another strong signal that quantum technology is approaching a commercial inflection point, with increased investor confidence and enterprise demand likely to drive further consolidation and innovation in the years ahead.