FTC approves IonQ's $1.8 billion acquisition of SkyWater
IONQ IonQ Inc
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- 1The US Federal Trade Commission has approved quantum computing company IonQ's (IONQ) $1.8 billion acquisition of chipmaker SkyWater Technology (SKYT).
- 2Chair Andrew Ferguson proposed conditions such as granting competitors fair access, but Commissioner Mark Meador stated the merger does not harm competition.
- 3Unable to reach agreement on imposing conditions, the FTC allowed the merger to close as a fallback, and SkyWater claims it is the largest US-based semiconductor foundry.
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