Intel agrees to acquire quantum software startup Classiq for about $2.3 billion

Intel reaches definitive agreement with Classiq

Intel has entered a definitive agreement to acquire Israel-based quantum computing software company Classiq for approximately $2.3 billion in cash and stock. The announcement positions the chipmaker as making a major financial commitment to quantum software and hardware.

The transaction is expected to close in the first half of 2027, subject to its stated completion conditions.

Classiq software is intended for Intel's qubit hardware

Classiq specializes in quantum computing software, including a synthesis platform. Intel said it intends to combine Classiq's software with its spin-qubit hardware as part of an effort to develop a full-stack quantum computing platform.

The reporting did not provide details on product availability, customer access or the commercial terms of the planned integration.

Classiq would anchor Intel's quantum development operation

Under the agreement, Classiq is expected to become Intel's global development center for quantum computing. That organizational role is part of the announced transaction and depends on the deal closing.

The reported $2.3 billion consideration combines cash and stock; the reviewed reporting did not break down how much of the total would be paid in cash versus Intel shares.