Intel moves to crack the quantum code with Classiq deal
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Intel acquired Classiq to boost its quantum computing software and bridge the gap between hardware and commercial use.
- ✓Pareekh Jain said, “Intel’s strength is its semiconductor manufacturing expertise, which could help make quantum chips scalable and affordable.” This deal adds 140 experts to Intel’s team, helping them build better quantum applications.
Story at a Glance
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- BUSINESS
- Reported By
- Business Today
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Quantum computing is emerging as a new frontier in technology. Unlike conventional PCs and supercomputers, quantum computers use quantum bits, or qubits, and promise to tackle certain complex problems beyond the practical reach of classical machines. But the technology remains largely in the research and development phase, with global technology leaders working to overcome hurdles in hardware scaling and software usability.
Intel has invested in quantum computing for more than a decade. Its hardware portfolio includes Tunnel Falls, a 12-qubit silicon chip, and Horse Ridge, a chip that controls quantum processors. The company also has cryoprober infrastructure to test quantum devices and the Intel Quantum SDK to help developers design, simulate and optimise quantum algorithms.
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