IonQ is to acquire Oxford Ionics in a transaction valued at US$1.075 billion.<\/p>\n\n\n\n
The transaction will bring together IonQ\u2019s quantum compute, application and networking stack with Oxford Ionics\u2019 groundbreaking ion-trap technology manufactured on standard semiconductor chips.<\/p>\n\n\n\n
The combined company expects to build systems with 256 physical qubits at accuracies of 99.99% by 2026 and advance to over 10,000 physical qubits with logical accuracies of 99.99999% by 2027.<\/p>\n\n\n\n
The quantum computing market is projected to create up to US$850 billion of global economic value by 2040 according to Boston Consulting Group. The management teams believe the transaction will enable the combined company to pioneer breakthroughs in quantum computing.<\/p>\n\n\n\n
\u201cIonQ\u2019s vision has always been to drive real-world impact in every era and year of quantum computing\u2019s growth. Our intention to acquire Oxford Ionics accelerates our mission to full fault-tolerant quantum computers with 2 million physical qubits and 80,000 logical qubits by 2030,\u201d said Niccolo de Masi, CEO, IonQ.<\/p>\n\n\n\n
\u201cWe’re tremendously excited to work alongside the world-class quantum computing and networking teams at IonQ. Together, we intend to move faster than any other player in the industry to deliver the leading fault-tolerant quantum computers with transformative value for customers,\u201d said CEO of Oxford Ionics, Dr. Chris Balance, CEO, Oxford Ionics.<\/p>\n\n\n\n
The acquisition of Oxford Ionics follows IonQ\u2019s recent quantum computing and networking momentum, including the recent acquisition of Lightsynq and pending acquisition of Capella.<\/p>\n\n\n\n
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IonQ is to acquire Oxford Ionics in a transaction valued at US$1.075 billion. The transaction will bring together IonQ\u2019s quantum compute, application and networking stack with Oxford Ionics\u2019 groundbreaking ion-trap technology manufactured on standard semiconductor chips. The combined company expects to build systems with 256 physical qubits at accuracies of 99.99% by 2026 and advance […]<\/p>\n","protected":false},"author":58,"featured_media":139743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15419,6083,649,21998,140,21754,93,23],"tags":[21262,22308,6817,123,3295,31],"class_list":["post-139741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-customer-experience","category-intelligent-technology","category-manufacturing","category-manufacturing-2","category-networking","category-technology-ciso","category-top-stories","category-united-kingdom","tag-computing","tag-ionq","tag-manufacturing","tag-networking","tag-quantum-computing","tag-technology"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/139741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/comments?post=139741"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/139741\/revisions"}],"predecessor-version":[{"id":139748,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/139741\/revisions\/139748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media\/139743"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media?parent=139741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/categories?post=139741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/tags?post=139741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}