IonQ and SkyWater Technology, the largest exclusively US-based pure-play semiconductor foundry, announced a definitive agreement for IonQ to acquire SkyWater in a cash-and-stock deal valued at approximately US$1.8 billion. Under the terms, SkyWater shareholders will receive US$15 per share in cash and US$20 per share in IonQ stock, subject to a collar, representing a 38% premium to SkyWater’s recent trading price.