Intel, the leading UK chipmaker, has agreed to acquire Israeli quantum software company Classiq. The acquisition is reportedly worth approximately $2.3 billion, with completion expected in the first half of 2027.
Intel, the leading US chipmaker, announced that it has agreed to acquire Classiq, an Israeli company that develops software for quantum computing. The acquisition is reportedly worth approximately $2.3 billion, although details of the terms were not initially disclosed. Reuters reported the figure, citing people familiar with the matter.
The acquisition is expected to make Intel a full-stack quantum computing company capable of providing both hardware and software. Classiq develops software for quantum computing and has raised more than $200 million to date.
Intel's product portfolio is expected to expand into the quantum field, in addition to conventional CPUs and GPUs, by incorporating Classiq's quantum processors. Classiq's software is reportedly expected to remain compatible with hardware from other companies after the acquisition is completed.
The acquisition is subject to regulatory approval, with completion expected in the first half of 2027.