Intel has agreed to acquire Israeli quantum software company Classiq. Subject to regulatory approval, the transaction is expected to close in the first half of 2027, with the consideration reportedly totaling approximately $2.3 billion in cash and stock.
Intel has agreed to acquire Classiq, a quantum software developer based in Tel Aviv. Subject to regulatory approval, the transaction is expected to close in the first half of 2027. The purchase price has not been disclosed, but is reported to be approximately $2.3 billion. Founded in 2020, Classiq has approximately 130 employees and counts BMW, AT&T and Toshiba Digital Solutions among its customers.
Intel has indicated that it intends to combine Classiq's software platform with its own silicon spin-qubit manufacturing, shifting toward a full-stack quantum business centered on hardware-independent software. In Japan, Hitachi and Intel's Japanese subsidiary are pursuing an NEDO-supported project aimed at commercializing silicon quantum computers using the 18A process.
The acquisition announcement is based on completion in the first half of 2027, and there have also been reports that more than $100 million in retention grants will be secured for Classiq employees. Classiq has continued to raise funds since 2023, and if the transaction closes, it would be Intel's first acquisition of an Israeli company.
Intel's market capitalization has expanded significantly since Tan took office, and after closing, the company is expected to have a lineup comprising CPUs, GPUs, ASICs and quantum processing units. Classiq's software is expected to remain part of an open ecosystem supporting quantum platforms from other companies after the transaction closes.
The acquisition is viewed as an important step toward Intel's commercialization of quantum computing, although some observers point out that uncertainty remains over regulatory approval and the realization of synergies.