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HotQuantum Computing
The companies will use quantum computing to study high-temperature superconductivity, aiming to develop smaller and more efficient electrical grid components.
Part of a series: Quantum computing firms advance hardware and error correction
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HotQuantum Computing
Intel announced it will acquire Classiq to integrate software with its hardware, with the deal expected to close in the first half of 2027. The move aims to accelerate the development of commercially viable quantum computing systems.
Quantum Computing
Intel has agreed to purchase Classiq, an Israeli software company, as part of its strategy to expand into the quantum computing sector.
GE Vernova
GE Vernova stock declined 11 percent in a single session. The company reported a backlog of $176 billion for the second quarter of 2026.
Deals
The US Air Force selected Lockheed Martin for a $694 million deal to build new air-launched hypersonic missiles.
HotDeals
Rising AI-related expenses are prompting Hewlett Packard and Asus to relocate some personal computer assembly operations to China. Dell is reportedly weighing a similar move, according to sources.
Deals
Solidigm is negotiating with the US Commerce Department over a proposed $45 billion NAND flash memory facility, potentially expanding to $100 billion. The project relies on approval to upgrade its Dalian plant, with New York among locations under consideration for a 2027 start.
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