American quantum computing company IonQ to buy Oxford University

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The American quantum computing IonQ has agreed to purchase a group of Oxford University of Technology from Oxford University in a deal of $ 1.1 billion as a penetration in the sector that begins early signs of deals making activity.

Marlyland, which has a market value of about 10 billion dollars in near Friday, is among the companies at the forefront of this field, as technology groups such as IBM and Google Parent Alphabet are racing to develop the most powerful and easily operating quantum computers.

Unlike traditional computers, which solve problems using bitch parts, they make fun of quantum computers, or Qubits, which can process information at a significant rate, making great progress in areas such as drug detection. But high error rates have proven to be a stumbling block for the emerging sector.

IonQ said on Monday that it had concluded the 1.07 billion dollars of ALL-STOCK deal to purchase the Ayoni Obstef, according to the conditions of emerging investors in the United Kingdom, which would receive between 7.3 percent and 11.9 percent of IonQ shared shares depending on the performance price performance thanks to the closure. The deal is expected to be closed this year. Oxford Ionics will also receive $ 10 million in cash.

Nicolo de Massi, the newly appointed CEO in IonQ, said the acquisition will help the company achieve its goal of becoming “Nvidia of Quantum”.

“This is the progress of changing the world that will come sooner and faster than people think,” De Massi told the Financial Times.

The company said on Monday that the acquisition of the Ayoni Oyoni will enable IonQ to produce the so -called quantum computer that bears malfunctions with a processing force of 80,000 Qubits logical and 2 million materials by the end of the contract. IBM, which has developed one of the most powerful quantum machines so far with more than 1000 Qubits, is trying to develop a supercar computer by 100,000 by 2033.

Oxford Ionik, which was established in 2019 by Oxford University physicists Chris Palans and Tom Harti, is among the leaders in developing one of the most accurate quantum machines using technology for ions manufactured on standard semiconductor chips, which suffer from much fewer random errors. The 80 -year -old workforce, including its founders, will join IonQ after the deal is completed.

IonQ has signed customers such as the US government -backed OAK Ridge Laboratory, UK’s pharmaceutical maker Astrazeneca and Airbus Group. The company is expected to generate between 75 million dollars to 95 million dollars of revenues this year by setting its ability to process quantum computer to solve problems for its customers.

The Oxford IONICS acquisition of the sixth acquisition of IonQ since the end of December 2022, as the group has tried to establish its position as the largest computing company for purely purely in the world.

The shares in IonQ in New York have erupted almost over the past year, as the excitement has grown around quantum computing after prosperity in artificial intelligence shares, giving it an arrow price of $ 39 each.