IonQ to acquire Oxford Ionics for $1bn.

IonQ, a quantum computing company, agreed to acquire Oxford Ionics, a company specializing in trapped-ion quantum computing systems, for $1bn. “We're tremendously excited to work alongside the world-class quantum computing and networking teams at IonQ. Together, we intend to move faster than any other player in the industry to deliver the leading fault-tolerant quantum computers with transformative value for customers. At Oxford Ionics, we have not only pioneered the most accurate quantum platform on the market – we have also engineered a quantum chip capable of being manufactured in standard semiconductor fabs. We look forward to integrating this innovative technology to help accelerate IonQ’s quantum computing roadmap for customers in Europe and worldwide,” Chris Ballance, Oxford Ionics CEO.