Insider Brief
- Intel agreed to acquire quantum computing software provider Classiq Technologies, with legal advice from Hogan Lovells Cadwalader.
- The proposed acquisition would combine Classiq ’s software synthesis platform with Intel ’s spin-qubit manufacturing and existing software to create a full-stack quantum computing platform.
- The deal would position Intel to add quantum processing units to its portfolio of CPUs, GPUs and application-specific integrated circuits.
PRESS RELEASE — Global law firm Hogan Lovells Cadwalader advised Intel Corporation (Nasdaq: INTC) as it entered into a definitive agreement to acquire Classiq Technologies Ltd, a leading provider of quantum computing software.
The combination of Classiq ’s synthesis platform with Intel ’s spin-qubit manufacturing and existing software would create a user-friendly full-stack quantum computing platform, enabling the promising technology to mature into a mainstream computing business.
The combination would enable Intel to become a full-stack quantum solutions provider, while also allowing the company to add Quantum Processing Units (QPUs) to its already diverse compute platform portfolio spanning Central Processing Units (CPUs), Graphical Processing Units (GPUs) and application-specific integrated circuit (ASICs).
More information on the transaction can be found here .
The Hogan Lovells Cadwalader cross-border and cross-practice deal team was led by partners Jane Ross (M&A, Silicon Valley), John Brockland (IP, San Francisco), Michael Frank (Tax, Pensions & Benefits, Silicon Valley), Tao Leung (Employment, Los Angeles), Nicola Lemay (Tax, Pensions & Benefits, Boston), Scott Loughlin (Data, Privacy and Cybersecurity, Washington, D.C.), Aleksandar Dukic (International Trade & Investment, Washington, D.C.), Christian Larson (International Trade & Investment, Washington, D.C.), David Emanuelson (Antitrust & Competition, San Francisco), Kevin Greenslade (Securities & Public Company Advisory, Northern Virginia), Falk Schöning and Michael J. Frese (both Antitrust & Competition, Brussels), Caitlin Weeks (M&A, London), Jacky Scanlan-Dyas (M&A, Tokyo), Volker Geyrhalter (M&A, Munich), Luca Picone (Private Equity & Funds, Milan), and Jaap Geleijns (M&A, Amsterdam), Senior Antitrust Officer – APAC Jiaming Zhang (Antitrust & Competition, Hong Kong), and senior attorney Stephen Ries (M&A, Philadelphia).
Additional deal support was provided by counsel John Fraczek (IP, Denver), Chasse Osborn (Tax, Pensions & Benefits, Boston), Deborah Wei (International Trade & Investment, Washington, D.C.), Ilana Kattan (Antitrust & Competition, Washington, D.C.), Brendan Oldham (Securities & Public Company Advisory, Washington, D.C.), Stefan Kirwitzke (Antitrust & Competition, Brussels), Mark Vincent (Private Equity & Funds, Singapore), Cornelius Naumann (M&A, Munich), and Martino Filippi (M&A, Milan), senior associates Samantha Seiden (M&A, Los Angeles), Hao-Kai Pai (International Trade & Investment, Washington, D.C.), and Laura Wouters (Banking & Loan Finance, Madrid), and associates Kaitlyn Hittelman (M&A, Los Angeles), Isolte Beal and Sawyer Linde (both M&A, Silicon Valley), Richard Corredor and Dustin Poore (IP, San Francisco), Isabelle Dean (IP, Washington, D.C.), Laura Penaranda (Employment, Los Angeles), Olivia McCann (Employment, New York), Pat Bruny and Matthew Eley (Data, Privacy & Cybersecurity, Washington, D.C.), Kassandra DiPietro (Antitrust & Competition, Washington, D.C.), Etienne Durand and Anastasia Vernikou (both Antitrust and Competition, Brussels), Zuzanna Krzyzos (M&A, London), Sylvie Sheng and Will Tan (both M&A, Tokyo), Ferdinand Kenter (M&A, Munich), and Paola Rossi (M&A, Milan), trainee solicitor Jake Robins (M&A, London), and law clerk Brendan Chisholm (Tax, Pensions & Benefits, Denver).