Intel said on 26 October 2026 that it had agreed to acquire Classiq, a Tel Aviv-based developer of quantum computing software. Intel did not disclose the price, which CTech and Globes reported at about US$2.3bn.
Why Intel Corporation is buying Classiq Technologies Ltd.
Intel said combining Classiq's synthesis platform with its own spin-qubit manufacturing and software would create a full-stack quantum computing platform and allow it to add quantum processing units to its compute portfolio.
“Joining forces with Classiq transforms Intel’s Quantum Computing Group into a full-stack quantum computing business.”
Deal terms and financing
CTech reported the consideration as a mix of cash and Intel shares, with more than US$100m set aside for employee retention. Globes said the effective price was about US$2.2bn once roughly US$100m of cash on Classiq's balance sheet is taken into account.
Regulatory approvals and timing
The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the first half of 2027. Until then Intel and Classiq will continue to operate as separate, independent companies.
Market context
Classiq was founded in 2020 and has raised about US$200m, according to Globes, from investors including Entrée Capital, Team8 and The Phoenix. Intel chief executive Lip-Bu Tan was an early private investor in the company.
