The Federal Trade Commission granted early termination of its review of quantum computing developer IonQ Inc.’s proposed acquisition of SkyWater Technologies Inc., a quantum chip fabrication company, on July 31.
FTC Chairman Andrew N. Ferguson and Commissioner Mark R. Meador issued separate statements regarding the decision.
The Federal Trade Commission works to promote competition and to protect and educate consumers. The agency said, “The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. You can learn more about how competition benefits consumers, file an antitrust complaint, or comment on a proposed merger. For the latest news and resources, follow the FTC on social media, subscribe to press releases, and read our blog.”
No further details were provided in the commission’s announcement regarding the specifics of the investigation or statements from either company involved.