intelligence bets on quantum with deal for Israeli software startup Classiq

Key Points:

• Intel has signed a definitive agreement to acquire Israeli quantum computing software company Classiq, aiming to become a full-stack provider of quantum hardware and software solutions; the deal is expected to close in the first half of 2027.
• The acquisition, reportedly valued at $2.2 billion, is Intel's largest in Israel since its 2017 Mobileye purchase, and will combine Classiq’s quantum algorithm synthesis platform with Intel’s silicon spin-qubit hardware and software capabilities.
• Classiq’s software enables developers to build quantum applications without deep expertise in quantum circuit design and is hardware-agnostic, supporting multiple quantum architectures.
• Intel has been investing in quantum computing since 2015, focusing on scalable silicon-based spin qubits and leveraging semiconductor manufacturing techniques to advance large-scale quantum systems.
• Both companies emphasize that the acquisition will accelerate the commercialization and broader adoption of practical quantum computing technologies, with potential impacts across industries such as drug discovery and materials development.