Intel to buy Israel's Classiq in push for a full-stack quantum business
The chipmaker is acquiring the Israeli quantum software developer. Israeli daily Globes put the price at about $2.2 billion; the deal is expected to close in the first half of 2027.
Photo: Sixflashphoto / Wikimedia Commons, CC BY-SA 4.0 (cropped and resized)
Intel announced on Oct. 26 a definitive agreement to acquire Classiq, an Israeli company that makes software for designing quantum algorithms. Its platform automates circuit design so developers do not need deep expertise, and it works across qubit types and hardware. Intel did not disclose terms; Israeli newspaper Globes put the price at roughly $2.2 billion.
"Joining forces with Classiq transforms Intel's Quantum Computing Group into a full-stack quantum computing business," Intel CEO Lip-Bu Tan said. Intel says it has invested in quantum computing since 2015 and can produce qubit chips and cryogenic control electronics at scale using conventional semiconductor manufacturing.
The deal is expected to close in the first half of 2027, subject to regulatory approval. According to Startup Fortune, Classiq will become Intel's global quantum development center, run from Israel by its founders. Classiq's customers include BMW, AT&T and Citi.