IonQ, a Maryland-based quantum computing firm, has announced plans to acquire Oxford Ionics for $1.075 billion. This strategic move aims to combine IonQ's advanced quantum systems using trapped ion technology with Oxford Ionics' leading-edge fidelity achievements. With this acquisition, IonQ aims to accelerate the development of fault-tolerant quantum computers, aspiring to reach 2 million physical qubits by 2030. The integration of both companies' technologies is expected to enhance performance and reliability in quantum computing applications, setting new industry standards and providing greater value to customers.
IonQ's vision has always been to drive real-world impact in every era and year of quantum computing's growth. Today's announcement of 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.
We believe the advantages of our combined technologies will set a new standard within quantum computing and deliver superior value for our customers through market-leading enterprise applications.
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