Intel agrees to buy quantum software maker Classiq

The deal would join Intel's silicon spin-qubit work with Classiq's software, and is expected to close in the first half of 2027.

Intel agreed on Monday, October 26, to buy Classiq, a quantum computing software company. Intel announced the deal in a release carried by Business Wire.

Stock Titan says Classiq was founded in 2020. Its software lets a programmer describe what a quantum program should do, then builds the detailed instructions for a chosen machine. SiliconANGLE reports that the software works across quantum machines from different makers, naming IBM, Google and IonQ as examples. The company likens itself to the Microsoft of quantum computing, SiliconANGLE says.

Intel says it has invested in quantum computing since 2015. It says it is the only company able to produce qubit chips and complex cryogenic control electronics at scale, using equipment and processes common to conventional silicon manufacturing. Intel says the deal would combine its quantum software platform, silicon spin-qubit technology and manufacturing expertise with Classiq's automated quantum algorithm synthesis platform. Stock Titan reports that Intel completed its purchase of HRL Laboratories, a lab known for silicon spin qubits, in August. After closing, Intel says it will keep supporting Classiq's existing integrations with multiple quantum platforms.

Highways Today reports a valuation of about $2.2 billion to $2.3 billion, citing Israeli financial publications. SiliconANGLE puts the price at $2.2 billion. It calls the deal Intel's second-largest acquisition, after its $15.3 billion purchase of Mobileye in 2017.

TechFlow, citing Intel's website, reports that the deal is subject to regulatory approval and other customary closing conditions, and is expected to close in the first half of 2027.

The size of the deal is a real commitment, not a token stake, and it shows Intel will put meaningful money into quantum computing even as its core chip business faces separate pressures. Because the two companies will run separately until closing, operational overlap stays limited for now. Any payoff from a full-stack quantum platform is therefore a multi-year story, not something that shows up in near-term results. The timeline to closing also points to how early the technology integration remains. For investors, the list of areas to watch now reaches beyond chip manufacturing.