IonQ to Acquire Oxford Ionics in $1.08bn Bet on Fault-Tolerant Quantum Future

IonQ is doubling down on its ambition to lead the global race for fault-tolerant quantum computing with the acquisition of Oxford Ionics, a British quantum hardware startup spun out of Oxford University. The deal, valued at approximately $1.08 billion, combines mostly stock with a modest $10 million in cash and is expected to close later [...]The post IonQ to Acquire Oxford Ionics in $1.08bn Bet on Fault-Tolerant Quantum Future appeared first on Tekedia.

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