Intel to acquire quantum computing software firm Classiq

Intel announced plans to acquire Classiq to develop its quantum computing platform. The acquisition is part of Intel's strategy to advance its quantum computing capabilities. Intel's stock price was up 4.04% in after-hours trading.

Intel (INTC) agreed to acquire Classiq, a quantum computing software provider. The deal aims to combine Classiq's software with Intel's quantum and semiconductor technologies, creating an end-to-end quantum computing platform. Intel shares rose 0.45% in after-hours trading to $90.89, following a 4.04% increase during the day.

Intel will acquire Classiq, a quantum computing software firm, to build a full-stack quantum computing platform. The deal adds Classiq's quantum algorithm synthesis to Intel's existing quantum software and compute portfolio. Financial details were not disclosed, with the transaction expected to close in early 2024.

Intel (INTC) agreed to acquire Israeli startup Classiq Technologies, aiming to expand into quantum computing. The deal, pending regulatory approval, is expected to close by mid-2027. Intel did not disclose terms, but Calcalist reported a $2.3 billion cash-and-stock deal. Intel's CEO called it a transformative move for its Quantum Computing Group.

Intel (INTC) agreed to acquire Israeli startup Classiq Technologies to expand its quantum computing efforts. The terms of the deal were not disclosed and it is subject to regulatory approvals.

Intel (INTC) agreed to acquire Classiq to combine its quantum hardware and software with Classiq's synthesis platform. The deal, pending regulatory approval, is expected to close in the first half of 2027. Intel aims to build a full-stack quantum platform, though financial terms and timelines for revenue impact were not disclosed.