08:19 AM EDT, 07/23/2025 (MT Newswires) -- IonQ ( IONQ ) said Wednesday it has signed a strategic collaboration with Australian quantum research and development firm Emergence Quantum.

Financial terms of the deal were not disclosed.

The partnership aims to advance ion trap technology through the co-development of next-generation electronics and materials.

Under the terms of the agreement, the companies will focus on designing and simulating application-specific integrated circuits for qubit control, as well as working to reduce hardware complexity and scale system capacity, IonQ ( IONQ ) said.

Shares of IonQ ( IONQ ) gained more than 2% in recent premarket activity Wednesday.