QuantumBloomberg1h ago
Intel agrees to acquire Tel Aviv-based quantum computing startup
Intel agrees to acquire Tel Aviv-based quantum computing startup Classiq; Classiq has raised more than $200M in funding and has about 130 employees
TL;DRIntel is buying Israeli quantum startup Classiq for an undisclosed price.
Why it matters: Intel is betting big on quantum computing's commercial viability amid intensifying competition in the space.
Intel Corp. agreed to buy Israeli startup Classiq Technologies Ltd. as part of a push to capitalize on quantum computing, a still-nascent field that is seeking commercial applications.
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