Intel has announced its acquisition of Classiq, an Israeli developer of quantum computing software, in a transaction valued at approximately $2.3bn according to Bloomberg sources. The chipmaker made the announcement on Monday but refrained from disclosing the purchase price publicly, with Intel declining to comment on the reported figure.
The acquisition enables Intel to offer customers both the quantum processors and the programming tools required to operate them. Quantum computers rely on qubits to tackle specific computational challenges—such as molecular simulation—at speeds far beyond what conventional processors can achieve. However, developing software for quantum systems remains technically demanding and typically requires specialized expertise.
Classiq's platform addresses this challenge by allowing developers to specify their desired program outcomes, after which the software automatically generates the corresponding quantum circuit design. This approach mirrors how conventional chip design software functions for traditional processors. The platform maintains compatibility across multiple quantum hardware architectures and counts BMW and HSBC among its clients.
Intel has pursued quantum computing development since 2015, fabricating qubits on silicon substrates using manufacturing equipment identical to that employed for conventional chip production. The Classiq acquisition grants Intel what industry participants refer to as a full-stack quantum computing business, encompassing both processing hardware and supporting software infrastructure.
Joining forces with Classiq transforms Intel's Quantum Computing Group into a full-stack quantum computing business
Intel chief executive Lip-Bu Tan
Intel has committed to maintaining Classiq's software compatibility with quantum hardware from competing manufacturers. Following the transaction's completion, Classiq will function as Intel's primary global research and development hub for quantum computing initiatives. Regulatory approval is required before the deal concludes, with completion anticipated during the first half of 2027.
Classiq was established by chief executive Nir Minerbi alongside co-founders Amir Naveh and Yehuda Naveh. The company has accumulated over $200m in funding and reached a valuation between $600m and $700m during 2025, according to Israeli business publication Calcalist as reported by Ynet.
Tan participated as an investor in Classiq's funding rounds in 2022 and 2025. Due to his existing financial interest in the company, Tan abstained from participating in acquisition negotiations, Calcalist reported. Tan's prior investments in firms conducting business with Intel have previously attracted scrutiny.
The acquisition reflects Intel's accelerating corporate transformation. The company's stock price has increased nearly threefold during the current year, and in August the firm raised $15bn through equity offerings to finance its semiconductor manufacturing facilities.
Source: The Next Web
