IonQ to acquire a 56.9% majority stake in ID Quantique from SK Telecom for $228.4m.

IonQ, an American quantum computing hardware and software, agreed to acquire a 56.9% majority stake in ID Quantique, a provider of quantum key distribution (QKD) systems, from SK Telecom, a South Korean wireless telecommunications operator, for $228.4m. "This strategic transaction and the expertise of ID Quantique furthers IonQ’s role as a global leader in next generation secure communications. And once finalized, we expect that our intended strategic partnership with SK Telecom, one of the most powerful technology companies in Asia, will significantly enhance the distribution of IonQ quantum technology, leading to many commercial and technical opportunities," Peter Chapman, IonQ Chairman and CEO.