Intel Acquires Israeli Quantum Startup Classiq for $2.2 Billion
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Original source:en.globes.co.il
Key Takeaways
- Intel acquired Israeli startup Classiq for $2.2 billion.
- It is the largest acquisition in quantum computing history.
- Classiq will serve as Intel's global quantum R&D center.
Semiconductor giant Intel has made a monumental investment in the future of computing by purchasing the Israeli firm Classiq for an estimated $2.2 billion. This transaction marks a historic milestone as the largest buyout in the history of the quantum computing industry. Rather than absorbing the team into existing workflows, Intel plans to transform the newly acquired enterprise into its central worldwide research and development engine for quantum systems, highlighting the strategic importance of advanced computational breakthroughs.
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