Ion Buying UK-based quantum computing Startup Oxford ionics is about $ 1.1 billion in a deal.
The shares increased by about 3%.
Companies said release The deal will combine ionic quantum computing hardware and software knowledge with Oxford ionics’ Semiconductor Chip Technologies. The company aims to distribute successes in the region and capitalize on increasing revenue opportunities.
“We believe that the advantages of our joint technologies will set a new standard within quantum computing and provide better value to our customers through market-spectre enterprise applications,” IonQ CEO Nicolo D Masi said in a release.
This year, which is expected to close this year, includes $ 1.065 billion $ 1 -million shares and about $ 10 million cash. The merged company is expected to create systems with 256 quints by 2026, over 10,000 by 2027 and two million by 2030.
Interested in quantum computing has touched the sky in recent months after technology giants Microsoft And Alphabet Announced the new chip successes. Experts face the ability of technology to solve complex computing tasks by other computers.
IONQ CEO first Told CNBC He wants the company to become a “800-pound gorilla” in the quantum world.
The shares of the Maryland -based company, which became public through a special purpose acquisition company at the end of 2021, are about 6% below so far. The stock has increased by more than 400% from a year ago.
Watch: Ion CEO on Income: Leading the world in ‘The Quantum Internet’
