Intel to Acquire Quantum Computing Startup Classiq for $2.3 Billion

Intel is buying Israeli quantum startup Classiq for $2.3 billion in a landmark industry deal.

Intel agreed to buy Israeli quantum software startup Classiq in a $2.3 billion transaction. The purchase represents the largest acquisition in the global quantum computing sector to date. It also serves as Intel's first major corporate takeover in four years.

• The backgroundClassiq develops specialized software designed to help engineers build quantum computing applications without requiring advanced expertise in quantum physics.
• The significanceThe agreement stands as Intel's first major corporate acquisition in four years, signaling renewed consolidation efforts in deep technology.