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● LIVE Updated 3h ago · 13 sources tracked

Intel to acquire Israeli quantum startup Classiq for $2.3 billion

Intel has agreed to acquire Israeli quantum computing startup Classiq for $2.3 billion in cash and stock. This deal marks a record acquisition in the quantum computing industry and a major exit for Israel's tech sector. Classiq's founders and employees are poised for substantial returns. The six-year-old company develops software for quantum computers.

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  • ✓ Intel is acquiring Israeli quantum computing startup Classiq for $2.3 billion.
  • ✓ Classiq develops software for quantum computers.
  • ✓ The deal marks a record acquisition in the quantum computing industry.
  • ✓ Classiq's founders could pocket up to $100 million each.
🛡️ Source Corroboration: 13 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

The acquisition deal has been confirmed by multiple sources, with a reported price of $2.3 billion.

Live updates

  1. Intel to Acquire Israeli Quantum Startup Classiq for $2.3 Billion

    Intel has agreed to acquire Israeli quantum computing startup Classiq for $2.3 billion in cash and stock. This deal marks a record acquisition in the quantum computing industry and a major exit for Israel's tech sector. Classiq's founders and employees are poised for substantial returns. The six-year-old company develops software for quantum computers.

    Why it matters

    This acquisition is significant as it represents a major milestone for Israel's technology sector and the emerging quantum computing industry. Quantum computing has the potential to revolutionize various fields, including cryptography, optimization, and simulation. Intel's acquisition of Classiq is part of its efforts to expand its presence in the quantum computing market.

    What is confirmed

    • Intel is acquiring Israeli quantum computing startup Classiq for $2.3 billion.
    • Classiq develops software for quantum computers.
    • The deal marks a record acquisition in the quantum computing industry.
    • Classiq's founders could pocket up to $100 million each.

    Still unconfirmed

    • The acquisition could become the largest exit in quantum computing history.

    What to watch next

    • Completion of the acquisition
    • Details on payouts to Classiq's founders and employees
    • Intel's plans for integrating Classiq's technology
    Sources used for this update (15)
    1. economictimes.indiatimes.com — Business News Live, Share Market News - Read Latest Finance News, IPO ...
    2. CTech — Intel to acquire Israeli quantum startup Classiq for $2.3 billion
    3. Bloomberg.com — Intel to Acquire Startup Classiq in Quantum Computing Push
    4. Haaretz — Intel to Acquire Israeli Quantum Computing Startup Classiq in $2.3 Billion Deal
    5. CTech — Classiq founders set to pocket up to $100 million each in Intel’s $2.3 billion deal
    6. Yahoo Finance — Intel to Acquire Classiq to Create a Full-stack Quantum Computing Platform
    7. Globes - Israel Business News — Intel buys Israeli quantum computing co Classiq for $2.2b
    8. CTech — If Intel doesn’t mess up this time, Classiq could do for it what Android did for Google
    9. www.ynetnews.com — Great Britain
    10. siliconangle.com — Exclusive: Prophecy launches DataGPT to run data workflows inside ChatGPT, Claude and Copilot
    11. www.israelnationalnews.com — Intel to acquire Israeli quantum computing startup Classiq for $2.3 billion | Israel National News
    12. srnnews.com — The Media Line: Intel Poised To Buy Israel’s Classiq for Record $2.3 Billion Quantum Exit - SRN News
    confidence 95%
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