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Image Credit: Siliconangle

IonQ to buy Oxford Ionics in $1B+ quantum hardware acquisition

  • IonQ Inc. has announced the acquisition of Oxford Ionics Ltd, a quantum computing chip developer, for $1.075 billion, to be financed through stock and cash.
  • Both IonQ and Oxford Ionics create quantum chips using a trapped ion design with ytterbium qubits, but differ in the method of programming the qubits.
  • Oxford Ionics' technology offers scalability benefits over laser-based approaches and can be mass-produced using standard semiconductor manufacturing processes.
  • IonQ plans to utilize Oxford Ionics' technology to enhance its quantum chips, aiming to introduce systems with higher qubit counts in the coming years.

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