Intel Buys Classiq Ahead of Q3 Earnings to Bolster Quantum Computing Push
Updated
Updated · Bloomberg · Oct 26
Intel Buys Classiq Ahead of Q3 Earnings to Bolster Quantum Computing Push
3 articles · Updated · Bloomberg · Oct 26
Summary
Intel agreed to acquire Israeli startup Classiq Technologies for an undisclosed price, adding a quantum-computing software specialist before its third-quarter earnings report Thursday.
The deal is aimed at helping the chipmaker capitalize on quantum computing, a still-nascent field that is searching for commercial applications.
Classiq brings an existing customer base that includes BMW and AT&T, giving Intel access to enterprise relationships as it expands in the sector.