Insider Brief
- SkyWater Technology stockholders approved the company’s previously announced merger agreement with IonQ, clearing a key step toward IonQ’s acquisition of the U.S.-based semiconductor foundry.
- The transaction is expected to close in the second or third quarter of 2026, pending regulatory approvals and other customary closing conditions.
- SkyWater operates semiconductor and advanced packaging facilities in Minnesota, Florida, and Texas and supports commercial, defense, and emerging technology programs, including quantum computing initiatives.
PRESS RELEASE — SkyWater Technology, Inc. (NASDAQ: SKYT) (the “Company”), the largest exclusively U.S.-based, semiconductor foundry, today announced that its stockholders approved at a special meeting held earlier today, the Company’s previously announced merger agreement with IonQ, Inc. (“IonQ”) for the acquisition of the Company by IonQ.
The final voting results will be reported in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission.
The transaction, which is expected to close in the second or third quarter of 2026, remains subject to receipt of required regulatory approvals and satisfaction of other customary closing conditions.
SkyWater Technology (NASDAQ: SKYT) is the largest U.S.-based, pure-play semiconductor foundry. A trusted partner to both commercial customers and federal defense programs, SkyWater’s Technology as a Service model empowers innovators to bring emerging technologies like quantum computing and next-generation systems from concept to reality.
With state-of-the-art facilities in Minnesota, Florida, and Texas, SkyWater specializes in foundational nodes and advanced packaging to support the nation’s critical infrastructure, strengthen supply chain resilience, and ensure long-term U.S. technology leadership. SkyWater is a DMEA-accredited Category 1A Trusted Foundry. To learn more, visit www.skywatertechnology.com.
