June 9 (UPI) -- IonQ announced an agreement Monday to buy Oxford Ionics for $1.075 Billion. This agreement consists of $1.065 shares in IonQ common stock and approximately $10 Million in cash. "We're tremendously excited to work alongside the world-class quantum computing and networking teams at IonQ. Together, we intend to move faster than any other player in the industry to deliver the leading fault-tolerant quantum computers with transformative value for customers," said CEO of Oxford Ionics, Dr. Chris Ballance. IonQDevelops high-performance systems based on trapped ion technology, with Oxford Ionics holds the current records for fidelity to measure the accuracy of quantum operations. Related Warner Bros. Discovery to divide into two companies U.S., Chinese delegates in London to talk trade, rare earths SpaceX launches 26 Starlink satellites from California The combined companies aim to use IonQ's quantum compete, application and networking stack with Oxford Ion...
