IonQ, Inc. (NYSE:IONQ) is among the 12 tech stocks with significant upside potential, maintaining a market capitalization of $16.12 billion. The company recently completed the acquisition of Skyloom Global, enhancing its quantum networking capabilities. IonQ’s planned acquisition of SkyWater Technologies is expected to position it as a quantum industry leader.

The acquisition of Skyloom Global adds expertise in free-space optical communications and secure data transmission to IonQ’s quantum networking roadmap. This move is set to accelerate the company’s progress in quantum key distribution and future quantum-enabled communication infrastructure.

Wedbush Securities views IonQ’s acquisition strategy positively, emphasizing the potential benefits of bringing manufacturing and packaging in-house. This approach is expected to reduce development cycle times and enhance engineering feedback for IonQ’s quantum systems, positioning the company as a vertically integrated player in the trapped-ion market.

IonQ’s strategic acquisitions, including the completed Skyloom Global deal and the planned SkyWater acquisition, reflect the company’s commitment to expanding its presence in quantum networking and manufacturing. By strengthening its capabilities in these areas, IonQ aims to support faster development cycles and solidify its position in the quantum ecosystem.

IonQ, Inc. is a quantum computing and networking developer based in the United States, offering access to quantum computers of varying qubit capacities. The company also works on quantum detection systems and quantum-safe networking solutions. Founded in 2015, IonQ is headquartered in College Park, Maryland.

Read more at Yahoo Finance: IonQ Inc (IONQ) Strengthening Itself Through Acquisitions