Intel Buys Israeli Quantum Startup Classiq for $2.3 Billion
Summarized from Ynetnews by baba
Intel is acquiring Israeli quantum computing startup Classiq for $2.3 billion in a record deal for the sector. Classiq, founded in 2020, develops software to simplify quantum computer programming and operation. The acquisition is a major milestone for Israel's quantum technology industry, which has attracted significant investment. The deal is expected to provide substantial payouts for Classiq's founders and employees, and marks Intel's largest acquisition in Israel since 2020.
The story in 6 lines · by baba
- Intel will acquire Israeli quantum computing startup Classiq for $2.3 billion.
- The deal is the largest acquisition of a quantum computing company to date.
- Classiq develops software to make quantum computers easier to program and operate.
- The acquisition is a major milestone for Israel's quantum technology industry.
- Classiq's founders and employees are expected to receive substantial payouts.
- Intel's previous major acquisition in Israel was Moovit for $1 billion in 2020.
Ynetnews publishes in English. The key points are summarized above. Read Ynetnews’s full report from the link at the top of the page.
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