TLDR
- Intel (INTC) stock rose about 2% in Tuesday morning trading and was up about 4% later in the day.
- Intel agreed to buy Israeli quantum software firm Classiq for about $2.3 billion, according to Bloomberg.
- The deal would make Intel a full-stack quantum computing provider, with both hardware and software.
- Intel plans to keep Classiq’s software compatible with other companies’ quantum hardware.
- The deal is expected to close in the first half of 2027, pending regulatory approvals.
Intel (INTC) stock rose about 2% in Tuesday morning trading after news of a deal to buy Classiq. Proactive showed the stock up 3.6% later in the day.
Bloomberg reported the price at about $2.3 billion, citing people familiar with the matter. Intel and Classiq declined to comment, and Reuters could not verify the report.
Intel announced the agreement on Monday but did not share financial terms. The $2.3 billion figure so far comes only from the Bloomberg report.
What Intel Gets From the Deal
Classiq is an Israeli quantum computing software company. It has raised over $200 million.
Its software simplifies writing programs for quantum computers. Users do not need deep expertise in quantum circuit design.
Intel says the deal would give it a full-stack quantum computing platform. That means hardware and software under one roof.
The deal pairs Classiq’s algorithm synthesis platform with Intel’s silicon spin-qubit technology. It also brings together Intel’s manufacturing know-how and its existing quantum software.
Intel’s lineup already includes CPUs, GPUs and application-specific integrated circuits. Quantum processing units would now join the list.
CEO Lip-Bu Tan said the deal “transforms Intel’s Quantum Computing Group into a full-stack quantum computing business.” He added that it builds on progress in scalable silicon spin-qubit technology.
Quantum is a long game, and Intel has been playing it since 2015. The company says it can make qubit chips and complex cryogenic control electronics at scale using standard silicon equipment.
Open Software, Independent Operations
Classiq’s platform works across different types of quantum hardware. Intel plans to keep it that way.
The company said it will continue supporting Classiq’s existing integrations with multiple hardware platforms. The goal is an open software ecosystem that does not depend on one quantum technology.
Classiq co-founder and CEO Nir Minerbi said the pairing could speed up adoption. He pointed to how much easier it would be to create scalable applications.
Intel said it wants to make quantum computing more accessible to developers, researchers and businesses. It also wants to move the field toward mainstream commercial use.
Until the deal closes, the two companies will operate independently. Completion is expected in the first half of 2027, subject to regulatory approvals and other customary conditions.
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