Home / Business and Economy / Intel Buys Quantum Startup Classiq
Intel Buys Quantum Startup Classiq
27 Oct
Summary
- Intel has acquired Israeli startup Classiq Technologies.
- The acquisition aims to bolster Intel's quantum computing efforts.
- Classiq's clientele includes major companies like BMW and AT&T.
Intel Corp. has acquired the Israeli startup Classiq Technologies Ltd. as part of its strategic initiative to advance in the field of quantum computing.
This move underscores Intel's commitment to exploring and leveraging the potential commercial applications within this emerging technology sector. The financial details of the transaction were not publicly disclosed by the chipmaker.
Classiq Technologies boasts a notable roster of clients, including industry giants such as BMW AG and AT&T Inc., indicating the value and applicability of their quantum solutions.
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