Intel has reached an agreement to acquire the Israeli quantum computing software company Classiq. The deal is reportedly worth $2.2 billion.
Through this acquisition, Intel will combine its silicon-based spin-qubit technology with software designed to simplify quantum application development. This will make Intel a full-stack quantum computing provider.
According to SiliconANGLE, the transaction would be Intel’s second-largest acquisition. Previously, Intel acquired Mobileye in 2017 for $15.3 billion. Intel did not disclose the agreement’s financial terms. Classiq is developing a software platform that enables developers to create quantum applications. This eliminates the need for them to manually design separate quantum circuits.
The software is hardware-independent, meaning developers can build applications for quantum computers based on different technologies. These include superconducting qubits, trapped ions, and Intel’s own silicon-spin qubits.
Intel compares Classiq’s approach to electronic design automation (EDA). This automation has transformed conventional semiconductor development by decoupling chip design from manufacturing complexity.
Applications beyond research
Classiq has already collaborated with several major companies on quantum computing applications. BMW has used the platform to study simulations of vehicle aerodynamics. Meanwhile, HSBC has developed quantum algorithms for fraud detection. The Italian bank Intesa Sanpaolo has also deployed the technology for financial calculations related to option pricing.
These projects illustrate quantum computing’s potential applications. However, current quantum hardware still limits large-scale commercial implementation.
Intel has been investing in quantum computing since 2015. Its research focuses on silicon-spin qubits, which could potentially be manufactured using techniques already employed in conventional semiconductor production. The company is also developing cryogenic control electronics necessary for quantum processors to function.
By combining these capabilities with Classiq’s software, Intel aims to add quantum processing units (QPUs) to its existing portfolio of CPUs, GPUs, and specialized processors.
Intel’s CEO previously invested in Classiq
The acquisition is also linked to Lip-Bu Tan (photo), Intel’s CEO. According to SiliconANGLE, Tan participated in Classiq’s $33 million Series B funding round in 2022. He then invested again during the $110 million Series C round in May 2025. The startup has raised more than $200 million in total.
The deal will strengthen Intel’s position relative to competitors that develop both quantum hardware and software. For example, IBM offers its Qiskit software development platform, which supports developing quantum applications on various hardware architectures.
Intel plans to maintain Classiq’s existing integrations with other quantum computing platforms. The company does not intend to limit the software to its own processors. This would allow Classiq to continue serving developers working with competing quantum technologies.
The acquisition is still subject to regulatory approval and other customary closing conditions. Intel expects to close the transaction in the first half of 2027. Until then, both companies will continue to operate independently.