Intel Acquires Israeli Quantum Computing Firm Classiq for $2.3 Billion
Translated & summarized from Maariv by baba
Intel is acquiring the Israeli quantum computing software company Classiq for approximately $2.3 billion, the largest deal in the quantum computing sector's history. The acquisition aims to enhance Intel's quantum hardware capabilities and software offerings. Classiq, founded in 2020, will continue to support development across various quantum hardware platforms. This move is part of Intel's strategy to secure a future market for its chip industry.
The story in 6 lines · by baba
- Intel is acquiring Israeli quantum computing firm Classiq for $2.3 billion.
- The deal is the largest acquisition in the history of quantum computing.
- Classiq develops software enabling code development on various quantum hardware.
- The acquisition aims to strengthen Intel's quantum hardware and software offerings.
- Classiq's clients include major companies like BMW and AT&T.
- Intel has been investing in quantum computing for over a decade.
Intel has announced its acquisition of Classiq, a six-year-old Israeli company specializing in quantum computing software, for an estimated $2.2 to $2.3 billion. This deal marks the largest acquisition to date in the quantum computing sector. The acquisition aims to bolster Intel's quantum hardware operations and facilitate the integration of its products into quantum computers.
Classiq's software enables clients, including major companies like BMW and AT&T, to develop and test code on various quantum hardware platforms. This allows them to assess the potential benefits of quantum technology for their operations without committing to a specific hardware manufacturer. Intel CEO Lip-Bu Tan stated that the integration of Classiq will establish Intel's quantum computing division as a comprehensive provider of both hardware and software solutions.
Founded in 2020, Classiq has raised over $200 million and employs approximately 130 individuals. The company also offers specialized AI tools to help clients evaluate the potential value of quantum computing. Post-acquisition, Classiq will continue to support code development across different hardware manufacturers, including Intel's competitors. Quantum computing leverages subatomic particle properties for calculations that can far exceed the speed of classical computers, though the field is still in its early stages of commercial application and faces hardware complexity challenges.
Intel has been investing in quantum computing for over a decade, aiming to leverage its silicon manufacturing expertise. The company focuses on spin-based qubit technology, viewing quantum components as complementary to classical computers. This strategic investment in quantum technology is intended to secure Intel's position in a future market that could drive significant demand for the chip industry, especially as the company works to close the gap with competitors in AI computing.
