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Quantum Computing Computing Ionq has agreed to purchase a $ 1.1 billion startup startup at the UK with Oxford University, which transaction for all shares as breakage in the early signs of transactions.
In Merilend Ionq, which had a market value of nearly $ 10 billion in closed closure, is one of the companies in the forefront of the field where technological groups such as IBM and Google Parent Alphabet are striving for the development of more powerful and easy quantum computers.
Unlike conventional computers that solve problems using bits, quantum computers that use quantum bits or cubes that can handle information at exponentially faster speed, which potentially provides huge achievements in areas such as drug detection. But higher errors were the allocation of the block for the charged sector.
On Monday, Ionq said she had concluded $ 1.07 billion for the purchase of Oxford Ionics, according to which investors in the UK will receive from 7.3 percent to 11.9 percent of the regular IonQ shares depending on the performance value at the closing of the transaction. The transaction is expected to close this year. Oxford Ionics investors will also receive $ 10 million in cash.
Recently appointed Executive Director Ionq NicColo de Masi said the acquisition will help the company to achieve its goal of becoming “Nvidia Quantum”.
“This is progress in a world that goes faster and faster than people think,” said the de mass the Financial Times.
The acquisition of Oxford Ionics will allow ionq to produce a so -called sewer quantum computer with a capacity processing of 80,000 logical cubes and 2Mn physical cubes by the end of the decade, the company reports on Monday. IBM, which has developed one of the most powerful quantum machines to date with more than 1000 cubes, is trying to develop a 10,000 square meter. By 2033.
Oxford Ionics, which was founded in 2019 by the University of Oxford Physics Chris Balance and Tom Kharti, is one of the leaders to develop one of the most accurate quantum machines using ion technologies made on standard semiconductor chips that suffer from much less random errors. 80 Oxford Ionics Labor, including its founders, join the ionq upon completion of the transaction.
Ionq has signed customers such as the Oak Ridge National Lab, which is supported by the US government, in the UK, Astrazeneca and Manufacturing Group Airbus. It is projected that the company brings from $ 75 million-95 million income this year, putting its quantum caps of computer processing to solve problems for its customers.
For the absorption of the Oxford Ionika will become the sixth acquisition of Ionq since the end of December 2022, as the group tried to consolidate its status as the largest pure game quantum computational company worldwide.
The NEW York shares, which lists the ionq, has increased almost four times in the last year as the excitement around quantum calculations has grown after a boom of artificial intelligence, which gave it a stock price of $ 39 apiece.
