FTC approves IonQ acquisition of SkyWater semiconductor ‍foundry


Workers work inside the clean room of U.S. semiconductor manufacturer SkyWater Technology Inc where computer chips are made, in Bloomington, Minnesota, U.S., April, 2022 in this handout picture acquired by Reuters on July 19, 2022. SkyWater Technology/Handout via REUTERS/File Photo

July ⁠31 (Reuters) - The U.S. Federal Trade ⁠Commission cleared quantum computing firm IonQ's $1.8 ‌billion acquisition of chipmaker SkyWater Technology after the agency's leaders disagreed over whether to impose ​conditions, they said on ⁠Friday.

• Chairman Andrew ⁠Ferguson said in a statement that he ⁠had ‌proposed requiring IonQ to agree to granting fair access to ⁠rival quantum computing companies, some of ​whom ‌have ongoing contracts with SkyWater, among ⁠other measures ​to protect competition as the U.S. adds chip manufacturing capacity.

• Commissioner Mark Meador ⁠said in a statement ​that he believes the merger would not lessen competition.

• Because the two could not ⁠agree on an order setting conditions, "the next-best option is to get out of the way and permit the ​merger to close," Ferguson ⁠said.

• SkyWater is the largest semiconductor ​foundry based in the ‌U.S., according to the ​company.

(Reporting by Jody Godoy in New York; Editing by Will Dunham)

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