Intel Buys Israeli Quantum Startup Classiq for Record $2.3 Billion
Summarized from Israel National News by baba
Intel is acquiring Israeli quantum software company Classiq for $2.3 billion, setting a new record for the quantum computing industry. This deal marks a significant milestone for Israel's tech sector, which is a global leader in quantum computing. Classiq's software simplifies quantum application development and operates across different hardware systems. The acquisition is among Intel's largest in Israel and follows previous significant purchases.
The story in 6 lines · by baba
- Intel is acquiring Israeli quantum software company Classiq for a record $2.3 billion.
- The deal is the largest acquisition in the global quantum computing industry's history.
- Classiq's software simplifies quantum application development and is hardware-agnostic.
- Israel ranks among the top five countries globally in quantum computing.
- Classiq's founders are expected to receive $80 million to $100 million each.
- Intel has made several other significant acquisitions of Israeli tech companies.
Israel National News publishes in English. The key points are summarized above. Read Israel National News’s full report from the link at the top of the page.
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