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Intel Acquires Israeli Quantum Startup Classiq for $2.3 Billion
Summarized from Ynetnews by baba
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Intel is acquiring Israeli quantum computing startup Classiq for $2.3 billion, the largest deal of its kind. Classiq, founded six years ago, developed technology to enable communication with quantum computers. The acquisition is expected to strengthen Israel's position in the burgeoning quantum sector. Classiq's software expertise will lead Intel's quantum strategy, integrating its 140 employees with Intel's existing quantum team.
The story in 6 lines · by baba
- Intel is acquiring Israeli quantum computing startup Classiq for $2.3 billion.
- Classiq was founded to solve the problem of communicating with quantum computers.
- The deal is the largest quantum computing acquisition globally to date.
- Classiq's technology is used by institutions like Ichilov Hospital and the Bank of Israel.
- Classiq will lead Intel's quantum strategy from Israel, integrating its 140 employees.
- Israel is already a leading country in quantum computing companies and investment.
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