IonQ Inc. is in advanced talks to acquire ID Quantique, a company that describes itself as a specialist in quantum-safe network encryption, according to a person with knowledge of the matter.

IonQ, Inc. (IONQ), which manufactures high-performance quantum computers, is reportedly eyeing a mid-ticket merger and acquisition transaction. The College Park, Maryland-based company was in advanced talks to buy ID Quantique,

In this photo illustration, the IonQ logo is displayed on a ... [+] smartphone screen on February 23, 2025 in Chongqing, China. (Photo by Cheng Xin

The IonQ stock price has moved into a bear market this year as the hype surrounding quantum computing companies fade. It has crashed by over 45% and is hovering at its lowest level since January 14 this year.