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Statements on the Grant of Early Termination of the FTC’s Investigation of IonQ’s Proposed Acquisition of SkyWater

First publishedJul 31, 12:00 UTC
Last updatedAug 2, 20:35 UTC · 15m ago
11 outletFTC
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Answer

The Federal Trade Commission granted early termination of its review of IonQ Inc.'s proposed acquisition of SkyWater Technologies Inc. The review was for a quantum computing developer's acquisition of a quantum chip fabrication company. The acquisition can now proceed.

Reported by 1 outlet FTC. See all sources ↓

The Federal Trade Commission reviewed IonQ Inc.'s plan to buy SkyWater Technologies Inc. The review was about a company that makes quantum computers buying a company that makes quantum computer chips. The review is now finished, and the deal can happen.

Why it matters

This news is important for people who follow technology and business. It shows that the deal between IonQ and SkyWater can move forward.

In brief
What is IonQ Inc.?
IonQ Inc. is a company that develops quantum computers.
What is SkyWater Technologies Inc.?
SkyWater Technologies Inc. is a company that makes quantum computer chips.
What does the Federal Trade Commission do?
The Federal Trade Commission reviews business deals to make sure they are fair and good for the country.
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    Scouting report

    The Federal Trade Commission reviewed a business deal.

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    FTCofficial press release
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