David Zinsner

Today, we announced that @intel has entered into an agreement to acquire @ClassiqTech, a recognized pioneer in quantum computing software and algorithms, based in Tel Aviv, Israel. This marks a transformational moment for Intel’s quantum computing group, as we establish a new Quantum Computing Business. With Classiq, Intel will become a full-stack quantum solutions provider and add QPUs to our already diverse compute platform portfolio spanning CPUs, GPUs and ASICs. Super excited to welcome Nir Minerbi, Amir Naveh, Yehuda Naveh, and the talented Classiq team to Intel! intel.com/content/www/us/en/…

Yesterday, @intel completed our planned capital raise of $20B in one of the largest follow-on equity offerings on record. With strong support from targeted long-term sovereign funds, fundamental growth and institutional investors, specialty hedge funds and retail investors, the round was oversubscribed >5X our initial goal. Many thanks to our underwriters JP Morgan, Goldman Sachs, Morgan Stanley and Citigroup for their excellent support. With this additional capital, Intel is now well positioned to meet the tremendous growth opportunity ahead of us in advanced node wafer manufacturing, advanced packaging and the massive CPU demand. We remain laser focused on execution across all our businesses. Along with the full support of our Board, my leadership team and I are fully committed to delivering strong returns to our shareholders in the coming years and to building a new and vibrant Intel.