The agreement would bring a platform designed for different quantum computers into Intel. The chipmaker plans to make Classiq its global quantum-development centre if the acquisition closes.
Intel announced on 26 October that it had agreed to acquire Israeli quantum-software company Classiq Technologies. Bloomberg News put the value at about $2.3 billion on 27 October, citing people familiar with the matter, in reporting carried by Reuters. Reuters could not independently verify that valuation.
Intel already has a manufacturing process for spin qubits—the units of information used in its quantum-computing system. The proposed acquisition would add software designed to help developers build applications across different types of quantum hardware.
Intel announced the agreement without disclosing financial terms. SiliconANGLE had put the acquisition price at $2.2 billion. That figure and Bloomberg’s later estimate are reported valuations, not an Intel-disclosed price.
Intel declined to comment on the reported value, while Classiq did not immediately respond to Reuters’ request for comment.
Classiq’s platform is designed to let developers design, build, test and run quantum software without tying their work to one type of machine. It supports different hardware approaches, including systems based on trapped ions, superconductors and photons, as well as Intel’s spin-qubit approach.
BMW has used the platform to develop quantum software for simulations of car aerodynamics, including scenarios involving different component materials. The aim is to test designs in simulations to avoid the need for more expensive real-world testing.
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Intel plans to keep Classiq’s software compatible with other companies’ hardware after the acquisition closes.
Intel intends to make Classiq its global development centre for quantum computing and combine the platform with its spin-qubit manufacturing process in an offering spanning hardware and software. The company says Classiq’s approach could help developers move beyond individually hand-built quantum circuits and applications, making quantum computing easier to develop for and use more widely.
The signed agreement is not a completed acquisition. Intel expects the purchase to close in the first half of 2027, subject to customary closing conditions and regulatory approvals.
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