Intel CEO Lip-Bu Tan said on Oct. 26 that Intel agreed to acquire Classiq, a quantum software and algorithms firm based in Tel Aviv, to establish a new Quantum Computing Business (post).

Intel CEO Lip-Bu Tan said on Oct. 26 that Intel agreed to acquire Classiq, a quantum software and algorithms firm based in Tel Aviv, to establish a new Quantum Computing Business (post).

Tan said Intel will become a full-stack quantum solutions provider, adding QPUs to its CPUs, GPUs and ASICs portfolio, and named Classiq founders Nir Minerbi, Amir Naveh and Yehuda Naveh as joining Intel.

Cointelegraph summarized the same agreement as Intel aiming to build a full-stack quantum computing business (post).

Coin Bureau, citing Bloomberg, reported the price as $2.3 billion and described Classiq software as hardware-agnostic quantum application design with customers including BMW and AT&T (post).

The same report claimed $INTC closed up more than 4% on the day as investors weighed the quantum ambitions. Terms, closing date and official Intel release details were not in the posts sourced.