Summary of IonQ and SkyWater Technology Conference Call Company and Industry Overview - **Companies Involved**: IonQ and SkyWater Technology - **Industry**: Quantum Computing and Semiconductor Manufacturing Key Points and Arguments 1. **Transaction Overview**: IonQ is acquiring SkyWater Technology for $1.8 billion, a mix of cash and stock, to create a fully vertically integrated US-based quantum platform [5][2][4] 2. **Revenue Expectations**: IonQ anticipates delivering revenue results at the high end or above its previously announced full-year guidance [2] 3. **Strategic Importance**: The acquisition is expected to accelerate fault-tolerant quantum computing and solidify IonQ's position as a leading provider of quantum technology [2][8] 4. **Vertical Integration**: The merger will enable end-to-end innovation, engineering, manufacturing, and deployment of quantum solutions, enhancing US security and competitiveness [5][3] 5. **SkyWater's Role**: SkyWater is the largest US-based pure-play semiconductor foundry, specializing in foundational nodes and advanced packaging, which will support next-generation quantum chips [4][10] 6. **Technological Advancements**: The integration will allow for rapid iteration and experimentation in semiconductor development, crucial for advancing quantum technologies [7][10] 7. **Operational Synergies**: The combined capabilities of IonQ and SkyWater are expected to unlock broader synergies across multiple product categories, enhancing both companies' market positions [11][12] 8. **Customer Commitment**: SkyWater will continue to operate as a merchant supplier to existing customers, ensuring no changes to customer access or IP protections [12][11] 9. **Timeline for Development**: The acquisition is projected to reduce the time from design completion to first samples of IonQ's 256-qubit chip from 9 months to 2 months, with the first 200,000-qubit chip samples expected in 2028 [16][17] 10. **Future Roadmap**: The transaction is expected to pull forward the timeline for IonQ's 2 million qubit chip by up to a year, enhancing the overall product lifecycle under one roof [17][18] Additional Important Information - **Security and Compliance**: SkyWater's DoD trusted accreditation adds strategic relevance to IonQ's federal business, supporting national security initiatives [11][19] - **Market Positioning**: The combined company aims to be the only fully US-owned and operated provider of critical quantum technologies, enhancing the US's sovereign supply chains [18][19] - **Integration Plans**: SkyWater will operate as a wholly owned subsidiary, with a phased integration approach to ensure continuity and enhance technical integration [44][45] - **Existing Customer Base**: SkyWater's largest customer is Infineon Technologies, and the company will maintain its normal foundry business while integrating with IonQ [27][10] This summary encapsulates the key discussions and strategic implications of the merger between IonQ and SkyWater Technology, highlighting the anticipated advancements in quantum computing and semiconductor manufacturing.

The Only Vertically Integrated Full-Stack Quantum Platform Company End-to-end innovation, engineering, manufacturing, and deployment — Across quantum computing, quantum networking, quantum sensing, and quantum security + Important Information and Where to Find It In connection with the acquisition described in this presentation (the "Transaction"), IonQ, Inc. ("IonQ") intends to file with the Securities and Exchange Commission (the "SEC") a Registration Statement on Form S-4 (the "Registration Statement") w ...