Intel to Acquire Classiq for $2.3 Billion

Intel Corporation will acquire Classiq under a definitive agreement, the company said in a press release. The cash and stock deal values Classiq at $2.3 billion, according to CTech.

Classiq provides software that automates the design and synthesis of quantum algorithms across different hardware platforms. Intel plans to combine the software with its silicon spin qubit technology, quantum software and semiconductor manufacturing capabilities.

Intel intends to maintain Classiq's existing integrations across multiple platforms after the transaction closes. The deal requires regulatory approval and is expected to close in the first half of 2027, with the companies operating independently until then.