July 31, 2026 is the projected closing date for IonQ's (NYSE: IONQ) acquisition of SkyWater Technology (NASDAQ: SKYT), three days after the companies secured all required regulatory approvals on July 28. The deal, first announced in January 2026, creates a structure where SkyWater becomes a wholly owned IonQ subsidiary while continuing to operate as the largest exclusively U.S.-based semiconductor foundry.
Transaction structure and rationale
SkyWater will keep its name and serve its full customer base, commercial and federal defense, from facilities in Minnesota, Florida, and Texas. IonQ, headquartered in College Park, Maryland, has said the acquisition is designed to materially accelerate its quantum computing roadmap by securing a fully scalable domestic supply chain. The company's chip-focused manufacturing approach makes foundry control a direct input to its product timeline.
SkyWater carries DMEA Category 1A Trusted Foundry accreditation, which governs access to classified and defense-critical programs. It specializes in foundational nodes and advanced packaging, supplying the infrastructure IonQ needs to manufacture new generations of its quantum computers. Together, the combined company will position itself as the only vertically integrated full-stack quantum platform company.
Disclosure calendar post-close
The combined company is expected to report second-quarter results on August 5, 2026, after U.S. markets close, five days after the projected July 31 closing. An investor day is planned for September 8. That gives management less than six weeks after close to consolidate financials and present an integrated picture to the market.
IonQ's operating profile
IonQ delivers quantum solutions across computing, networking, sensing, and security. Its newest system is the IonQ Tempo. In 2025, the company recorded 99.99% two-qubit gate fidelity, which it characterized as a world record in quantum computing performance. Platform customers include Amazon Web Services, AstraZeneca, and NVIDIA; IonQ has cited 20x performance results across applications including drug discovery, materials science, financial modeling, logistics, cybersecurity, and defense.
IonQ's quantum computing services are available through all major cloud providers. U.S. operations span California, Colorado, Massachusetts, Tennessee, and Washington. International offices extend to Italy, South Korea, Sweden, Switzerland, Canada, and the United Kingdom. SkyWater's DMEA accreditation keeps the combined entity inside U.S. defense supply chain requirements at close.