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FTC approves IonQ acquisition of SkyWater semiconductor ‍foundry

By Thomson Reuters Jul 31, 2026 | 4:45 PM

By Jody Godoy

July 31 (Reuters) – The U.S. Federal Trade Commission cleared quantum computing firm ​IonQ’s $1.8 billion acquisition of ‌chipmaker SkyWater Technology after the agency’s leaders disagreed over whether to impose conditions, they said on Friday.

• ‌Chairman ​Andrew Ferguson said ⁠in a statement ⁠that he had proposed requiring IonQ to agree to granting fair access to rival quantum ​computing companies, some of whom have ongoing contracts with ⁠SkyWater, among other ⁠measures to protect competition ​as the U.S. adds chip ​manufacturing capacity.

• Commissioner Mark Meador said ‌in a statement that he believes the merger would not lessen competition.

• Because the ⁠two could not agree on an order setting conditions, “the next-best option is ⁠to ‌get out of the ⁠way and permit the ​merger ‌to close,” Ferguson said.

• ​SkyWater is ⁠the largest semiconductor foundry based in the U.S., according to the company.

(Reporting by Jody Godoy in New York; Editing by ​Will Dunham)