Intel to Acquire Israeli Quantum Computing Company Classiq for $2.2 Billion
Published
According to a report by Globes, the American chipmaker Intel has announced the acquisition of Classiq, an Israeli company operating in the field of quantum computing. The reported sum is $2.2 billion.
Classiq develops software that helps engineers write and run programs for quantum computers. A quantum computer uses the laws of quantum physics to solve certain problems faster than regular computers. The company is considered one of the well-known companies in this field in Israel.
The deal is important for Israel's high-tech industry, because it shows that large companies around the world continue to be interested in Israeli companies in the quantum field. A purchase of this size is one of the largest transactions in this field in recent years.
It is still unclear what the future holds for Classiq's employees and how the company will be integrated into Intel's structure. Further details about the terms of the deal and the plans of the new company can be expected later.
Sources: גלובס
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