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    Quantum computing firm IonQ to acquire UK-based Oxford Ionics for $1.08 billion
    Futurology

    Quantum computing firm IonQ to acquire UK-based Oxford Ionics for $1.08 billion

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    1. donutloop on

      Submission Statement

      IonQ’s $1.08 billion acquisition of Oxford Ionics is a strategic move to accelerate the development of scalable, fault-tolerant quantum computers by combining Oxford’s chip-based ion-trap technology with IonQ’s proven quantum systems. The company aims to reach 256 high-fidelity qubits by 2026, over 10,000 by 2027, and millions by 2030. This deal expands IonQ’s global footprint, particularly in the UK and EU, while supporting its growth toward projected 2025 revenue of $75–95 million and a long-term goal of $1 billion annually by 2030.

    2. Sad-Attempt6263 on

      Congrats to them, its apparently a spin off company (a company born directly from oxford uni). need more of this