From The Next Web · Cristian Dina · · 1m
Intel buys quantum software firm Classiq for $2.3bn
Intel acquires Israeli startup Classiq to build a complete quantum computing business combining processors and software.
In brief
Intel acquires Israeli startup Classiq to build a complete quantum computing business combining processors and software. Intel is buying quantum software startup Classiq for about two point three billion dollars to combine its quantum processors with programming tools. Originally reported by The Next Web.
Intel buys Classiq for $2.3bn
Intel has agreed to buy Classiq, an Israeli startup making software for programming quantum computers. Bloomberg reported the deal is worth about two point three billion dollars.
What Classiq does
Classiq's platform lets developers describe what they want a program to do, then designs the quantum circuit automatically. It works across different quantum hardware types. Customers include BMW and HSBC.
Intel builds a full stack
Intel has worked on quantum computing since two thousand fifteen. Adding Classiq gives it both processors and software. The deal closes in the first half of twenty twenty-seven, subject to regulatory approval.
“Joining forces with Classiq transforms Intel's Quantum Computing Group into a full-stack quantum computing business.”
The one thing
Intel is buying quantum software startup Classiq for about two point three billion dollars to combine its quantum processors with programming tools.
