IonQ Stock Rises as SkyWater Shareholders Approve SKYT Merger Deal

IonQ, Inc. (IONQ), a quantum tech firm that builds quantum computers and related systems, moved one step closer to buying SkyWater Technology, Inc. (SKYT), a U.S.-based chip foundry that serves both business clients and federal defense programs.

SkyWater said its stockholders approved the firm’s merger deal with IonQ at a special meeting. The vote clears a key step in the deal, though it does not yet close it. The firms still need key rule-based approvals, as well as other usual closing steps.

SkyWater said the deal is set to close in the second or third quarter of 2026. In its press note, the firm said the deal “remains subject to receipt of required regulatory approvals and satisfaction of other customary closing conditions.”

Meanwhile, IONQ shares rose 3.27% on Friday, closing at $49.24.

Why It Matters for IonQ

For IonQ, the deal could help bring more of its chip and supply base under its own roof. SkyWater runs chip and advanced package sites in Minnesota, Florida, and Texas. It also works with defense clients and new tech fields, which include quantum computing.

That fit is likely part of the appeal. IonQ wants to scale its quantum systems, and SkyWater gives it more U.S.-based chip and package skills. It may also help IonQ court clients that care about local supply chains, defense-grade work, and closer control over key parts.

Still, the deal adds a new layer of risk. A chip foundry is a complex business, and IonQ will need to blend that with its core quantum work. For now, the stockholder vote is a clear step forward, but the deal still has more checks to pass before it is done.

Is IONQ a Good Stock to Buy?

Despite the stock’s recent rally, the Street still sees more room for gains. Based on 11 analysts, IonQ has a Moderate Buy rating, with eight Buy ratings and three Holds. The average IONQ stock price target is $60.86, indicating about 23% upside from the last price.