Intel announced Monday that it will acquire Tel Aviv, Israel-based quantum computing software company Classiq, in a push to build a full-stack quantum computing business.
Classiq's software helps developers build applications for quantum computers, which requires a much different approach than developing traditional applications. The transaction is set to close in the first half of 2027, according to an announcement.
Terms of the deal were not disclosed, but Bloomberg reported that Intel will pay $2.3 billion for Classiq, citing people familiar with the matter. Intel will report third-quarter earnings Thursday.
Lip-Bu Tan, Intel CEO, said on X that this represents “a transformational moment for Intel’s quantum computing group.”
“With Classiq, Intel will become a full-stack quantum solutions provider and add QPUs to our already diverse compute platform portfolio spanning CPUs, GPUs and ASICs,” Tan wrote.
