Intel to buy Classiq in quantum computing software and hardware expansion
Intel announced on October 26, 2026, that it signed an agreement to acquire Classiq, an Israeli quantum-computing software company. Reported consideration is $2.3 billion in cash and stock, while another account describes a $2.2 billion effective price after accounting for Classiq's cash. Intel expects the transaction to close in the first half of 2027, subject to regulatory approval and other closing conditions.
Why it matters
Intel says the acquisition would combine Classiq's algorithm-synthesis software with its quantum hardware and semiconductor capabilities, expanding Intel into end-to-end quantum solutions. Completion would add Classiq to Intel's portfolio, but the transaction remains conditional and the companies will operate independently until closing.
Key facts
- 1Intel entered a definitive agreement to acquire Classiq, with completion expected in the first half of 2027 subject to regulatory approvals and customary closing conditions. intc.com
- 2Calcalist reported consideration of $2.3 billion in a combination of cash and stock. calcalistech.com
- 3Globes reported a $2.2 billion effective purchase price after Classiq's cash on hand was deducted from the $2.3 billion announced transaction value. en.globes.co.il
- 4Classiq employees collectively hold 10% of the company, valued at $230 million at the reported acquisition price. calcalistech.com
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.