Intel to buy quantum firm Classiq for about $2.3 billion: Report

Synopsis

The Israeli startup would also add quantum processors to Intel's lineup, which already includes central processing units and graphics processors. Intel said it plans to keep Classiq's software compatible with other companies' hardware after the deal closes.

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Intel has agreed to acquire Israeli quantum computing software company Classiq for about $2.3 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Classiq and Intel declined to comment. Reuters could not independently verify the report.

Here are some more details:

* Intel announced the deal on Monday but did not disclose financial terms

* The deal would let the American chipmaker offer both the hardware and software needed to run quantum systems, making it a so-called full-stack quantum computing provider

* Classiq, which has raised over $200 million, makes software that simplifies the process of writing programs for quantum computers

* The Israeli startup would also add quantum processors to Intel's lineup, which already includes central processing units and graphics processors

* Intel said it plans to keep Classiq's software compatible with other companies' hardware after the deal closes

* The deal is subject to regulatory approvals and is expected to close in the first half of 2027 Add as a Reliable and Trusted News Source Add Now!

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