{"id":179053,"date":"2025-06-12T18:42:11","date_gmt":"2025-06-12T18:42:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/179053\/"},"modified":"2025-06-12T18:42:11","modified_gmt":"2025-06-12T18:42:11","slug":"quantum-computing-company-with-announces-major-deal-news","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/179053\/","title":{"rendered":"Quantum-Computing Company with Announces Major Deal | News"},"content":{"rendered":"

\"IonQ<\/p>\n

\"\"<\/p>\n

IonQ opened this quantum computing manufacturing facility in Bothell last year. A quantum data center, it provides cloud access to IonQ customers and is IonQ’s primary production-engineering location in the country.<\/p>\n

Courtesy IonQ<\/p>\n

Maryland-based quantum-computing and networking company\u00a0IonQ<\/a>, whose primary quantum-computing production site in the United States is in Bothell<\/a>, will acquire United Kingdom-based Oxford Ionics<\/a> in a deal valued at $1.075 billion under an agreement the companies announced this week.<\/p>\n

The management teams believe the transaction, expected to close this year, will enable the combined company to pioneer breakthroughs in quantum computing. IonQ said in a news release announcing the deal that it expects combining with Oxford Ionics will help drive the creation of disruptive applications that enable substantial revenue growth opportunities.\u00a0<\/p>\n

IonQ develops high performance quantum-computing systems based on trapped ion technology to help solve the world\u2019s most complex commercial and research challenges. Oxford Ionics holds the current world records for fidelity, which measures the accuracy of quantum operations, the release said.<\/p>\n

The transaction will bring together IonQ\u2019s quantum compute, application, and networking stack with Oxford Ionics\u2019 ion-trap technology manufactured on standard semiconductor chips. The combined technologies are expected to deliver innovative, reliable quantum computers that increase in power, scale, and problem-solving capabilities, the companies said, adding both expect to benefit from the other\u2019s complementary technologies, expertise, and IonQ\u2019s global resources and customer base.<\/p>\n

According to the release, the combined company expects to build systems with 256 physical qubits at accuracies of 99.99% by 2026 and advance to more than 10,000 physical qubits with logical accuracies of 99.99999% by 2027. The combined company anticipates extending its innovation by reaching 2 million physical qubits in its quantum computers by 2030, enabling logical qubit accuracies exceeding 99.9999999999%\u00a0<\/p>\n

Bothell impact<\/strong><\/p>\n

Asked how the Oxford Ionics deal could affect IonQ\u2019s operations in Bothell and whether it could result in more manufacturing of quantum computers or more hiring, the company responded via email: \u201cOur Bothell manufacturing facility is central to IonQ\u2019s development of next-generation quantum systems. The integration of Oxford Ionics\u2019 record-setting quantum fidelity and proprietary qubit control technologies will help accelerate our roadmap toward achieving 2 million algorithmic qubits by 2030. Bothell is our manufacturing home, and this announcement only reinforces our commitment to invest $1 billion in the Pacific Northwest over the next decade and to establish Bothell as a global hub for quantum innovation.\u201d<\/p>\n

An expansion of the Bothell facility, announced last year, continues, the company said.<\/p>\n

\"IonQ<\/p>\n

\"\"<\/p>\n

IonQ engineer Walker Steere, middle, speaks with U.S. Sen. Maria Cantwell of Washington at the grand opening for IonQ’s new Bothell manufacturing facility in February 2024. Displayed in the foreground is an early version of IonQ’s vacuum chamber for trapped ions.<\/p>\n

File photo courtesy IonQ<\/p>\n

The Oxford Ionics transaction will consist of $1.065 billion in shares of IonQ common stock and about $10 million in cash, subject to customary closing adjustments and expenses, this week\u2019s release said.<\/p>\n

Oxford Ionics\u2019 team is expected to play a vital role in the combined company’s future. Both Oxford Ionics founders, Chris Ballance and Tom Harty, are expected to remain with IonQ after the acquisition is completed, continuing their work on quantum technology development in the U.K. The combined entity also plans to expand its workforce in Oxford.<\/p>\n

The combined company expects to maintain all existing customer relationships, including government partnerships, in the U.K. and U.S.<\/p>\n

\u201cIonQ\u2019s vision has always been to drive real-world impact in every era and year of quantum computing\u2019s growth,\u201d IonQ CEO Niccolo de Masi, said in the release, adding the acquisition \u201caccelerates our mission to full fault-tolerant quantum computers with 2 million physical qubits and 80,000 logical qubits by 2030. We believe the advantages of our combined technologies will set a new standard within quantum computing and deliver superior value for our customers through market-leading enterprise applications.\u201d<\/p>\n

Oxford Ionics\u2019 ion-trap-on-a-chip technology will accelerate IonQ\u2019s commercial quantum-computer miniaturization and global delivery, he said. \u201cOur combined path to millions of qubits by 2030 will help ensure unit economics, scale, and power as quantum computing rapidly evolves.\u201d\u00a0<\/p>\n

Oxford Ionics\u2019 Ballance, added, \u201cAt Oxford Ionics, we have not only pioneered the most accurate quantum platform on the market \u2014 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\u2019s quantum computing roadmap for customers in Europe and worldwide.\u201d<\/p>\n

The announced acquisition of Oxford Ionics follows IonQ\u2019s recent acquisition of\u00a0Lightsynq<\/a>\u00a0and pending acquisition of\u00a0Capella\u00a0Space Corp<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"IonQ opened this quantum computing manufacturing facility in Bothell last year. A quantum data center, it provides cloud…\n","protected":false},"author":2,"featured_media":179054,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3164],"tags":[44385,73760,73758,73765,73761,8668,3284,1700,73757,3774,42470,5167,4977,73763,73759,73756,3358,40615,17844,15109,73764,53,40613,23132,73762,73755,15689,1017,16,15],"class_list":{"0":"post-179053","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-acquisition","9":"tag-bothell","10":"tag-branches-of-science","11":"tag-capella","12":"tag-chris-ballance","13":"tag-computer-science","14":"tag-computing","15":"tag-economy","16":"tag-ion-trap","17":"tag-ionq","18":"tag-lightsynq","19":"tag-manufacturing","20":"tag-maryland","21":"tag-niccolo-de-masi","22":"tag-oxford-ionics","23":"tag-physical-and-logical-qubits","24":"tag-quantum-computing","25":"tag-quantum-information-science","26":"tag-quantum-mechanics","27":"tag-qubits","28":"tag-semiconductor-fabs","29":"tag-technology","30":"tag-theoretical-computer-science","31":"tag-theoretical-physics","32":"tag-tom-harty","33":"tag-trapped-ion-quantum-computer","34":"tag-u-k","35":"tag-u-s","36":"tag-uk","37":"tag-united-kingdom"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/179053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=179053"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/179053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/179054"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=179053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=179053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=179053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}