SkyWater’s Next Chapter
A pivotal moment, leadership intact
“This combination marks a pivotal moment in SkyWater’s evolution,” SkyWater CEO Thomas Sonderman said.
Based in Bloomington, Minnesota, SkyWater produces semiconductors for public- and private-sector customers and operates facilities in Minnesota, Florida and Texas.
Following the deal’s completion, SkyWater will continue operating under its existing name as a wholly owned subsidiary. Sonderman will remain at the helm, reporting to IonQ CEO Niccolo de Masi.
Advisors, Approvals and Timeline
Paul Weiss Rifkind Wharton & Garrison LLP is advising IonQ, with Foley & Lardner LLP representing SkyWater. Cantor Fitzgerald and BofA Securities are also advising IonQ, while Goldman Sachs is serving as SkyWater’s financial adviser.
The Paul Weiss team is led by partners Chelsea N. Darnell and Robert A. Kindler. Deal team details for Foley & Lardner were not immediately available.
The companies expect the transaction to close in the second or third quarter of 2026, subject to SkyWater shareholder approval and regulatory clearances.
