Intel agrees to acquire Israeli quantum software startup Classiq
Bloomberg put the deal's value at about US$2.3 billion. Intel did not disclose a price and declined to comment on that figure.
Intel has reached an agreement to acquire Classiq, an Israeli startup whose software helps developers program quantum computers. Intel said the transaction is expected to be completed during the first half of 2027, pending regulatory approval.
The chipmaker disclosed no purchase price. Bloomberg, citing people with knowledge of the transaction, reported a value of about US$2.3 billion. Intel declined to discuss that figure.
Classiq's platform turns a developer's description of a program's intended task into a quantum circuit. It supports multiple kinds of quantum hardware, and its customers include HSBC and BMW. Intel said it would maintain that compatibility with other manufacturers' hardware and make Classiq its global quantum computing development center.
Intel's quantum computing work dates to 2015 and involves producing silicon qubits using equipment also employed for conventional chips. Chief executive Lip-Bu Tan said the acquisition would combine quantum processors and programming software within Intel's quantum business.
Tan invested in Classiq during funding rounds in 2022 and 2025. Calcalist reported that his stake kept him out of the acquisition negotiations. Classiq's founders are chief executive Nir Minerbi, Amir Naveh and Yehuda Naveh.
