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IonQ Soars 10.97% on Oxford Ionics Acquisition
Generated by AI AgentAinvest Pre-Market Radar
Monday, Jun 9, 2025 8:45 am ET1min read
On June 9, 2025, IonQ's stock surged by 10.97% in pre-market trading, driven by significant corporate developments.
IonQ has announced a definitive agreement to acquire
Ionics, a leading player in trapped-ion , for $1.075 billion. This acquisition will integrate Oxford Ionics' groundbreaking ion-trap technology with IonQ's existing quantum computing stack, enhancing IonQ's capabilities in quantum computing, applications, and networking.The combined company aims to develop systems with 256 physical qubits at accuracies of 99.99% by 2026, with plans to advance to over 10,000 physical qubits in the future. This strategic move is expected to solidify IonQ's position as a leader in the quantum computing industry, driving innovation and technological advancements.
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