Intel has agreed to purchase Classiq, an Israeli startup specializing in quantum computing software, in a deal valued at approximately $2.3 billion. This acquisition aims to enhance Intel’s position in the quantum computing sector by integrating a full quantum computing stack.
- Classiq’s platform simplifies quantum program design for diverse hardware.
- Intel aims for a comprehensive quantum computing stack with Classiq.
- Acquisition expected to close in first half of 2027 after approvals.
What happened
Intel has reached an agreement to acquire Classiq, an Israeli quantum software startup that provides tools for programming quantum computers. While Intel officially did not disclose the transaction price, Bloomberg reported the deal to be worth about $2.3 billion. The acquisition was announced publicly on a Monday, signaling Intel’s intent to solidify its role in quantum technology beyond hardware.
Classiq’s software platform enables developers to describe their desired quantum algorithms and automatically designs quantum circuits to implement them, analogous to how traditional chip design tools operate. The software is compatible with multiple quantum hardware systems, and notable clients such as BMW and HSBC use Classiq’s solutions.
Why it matters
Quantum computing is poised to solve complex problems beyond the reach of classical computers, especially those involving qubit manipulation like molecule simulation. However, developing software for quantum machines is challenging and requires niche expertise. Classiq’s technology addresses this bottleneck by making quantum software design more accessible and versatile across hardware platforms.
Intel has been investing in quantum hardware since 2015, leveraging its semiconductor manufacturing expertise. The Classiq acquisition will grant Intel an integrated full-stack quantum computing capability, combining proprietary quantum processors and cutting-edge software, potentially accelerating commercial quantum applications and expanding its quantum market footprint.
What to watch next
Intel’s strategic push into quantum reflects its broader turnaround, having raised significant capital recently to fund chip factory expansions. Monitoring how Intel leverages Classiq’s software to advance its quantum roadmap and partnerships with customers such as BMW and HSBC will shed light on the pace and impact of Intel’s quantum ambitions.