Intel Acquires Israeli Quantum Computing Firm Classiq for $2.3 Billion
Translated & summarized from TheMarker by baba
Intel has acquired the Israeli quantum computing software company Classiq for an estimated $2.3 billion. This deal represents the largest acquisition in the global quantum computing industry and Intel's second-largest in Israel. The acquisition is expected to significantly boost Intel's presence in the quantum computing sector.
The story in 5 lines · by baba
- Intel acquired Israeli quantum computing firm Classiq for an estimated $2.3 billion.
- The deal is the largest in the global quantum computing sector to date.
- This is Intel's second-largest acquisition in Israel, after Mobileye.
- Classiq develops software tools for quantum computers.
- Each of Classiq's three founders will receive $77-100 million.
Intel has announced its acquisition of the Israeli company Classiq, a developer of software tools for quantum computers. While the exact sale price was not officially disclosed, sources close to the companies estimate the deal to be worth approximately $2.3 billion. This acquisition marks the largest to date in the global quantum computing sector and is Intel's second-largest acquisition in Israel, following its purchase of Mobileye. Each of Classiq's three founders is expected to receive between $77 million and $100 million from the deal.
