Intel Buys Israeli Quantum Software Firm Classiq for $2.2 Billion
Summarized from The Jerusalem Post by baba
Intel has agreed to acquire Israeli quantum computing software company Classiq for a reported $2.2 billion, marking its largest acquisition in Israel since Mobileye. The deal, expected to close in the first half of 2027, aims to position Intel as a full-stack provider of quantum hardware and software solutions. Classiq's technology makes quantum application development more accessible, and Intel believes the integration will accelerate the commercialization of quantum computing.
The story in 6 lines · by baba
- Intel agreed to acquire Israeli quantum software firm Classiq for a reported $2.2 billion.
- The deal is Intel's largest acquisition in Israel since buying Mobileye in 2017.
- Classiq's software platform aims to make quantum computing more accessible to developers.
- The acquisition is expected to close in the first half of 2027.
- Intel aims to become a full-stack provider of quantum hardware and software solutions.
- The deal is seen as a significant boost for Israeli tech innovation in quantum computing.
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