TLDR
- Intel (INTC) stock was up about 2% in Tuesday morning trading and about 4% later in the day.
- Intel agreed to buy Israeli quantum software firm Classiq for about $2.3 billion, per Bloomberg.
- The deal would make Intel a full-stack quantum computing provider, with 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 was up about 2% in Tuesday morning trading after news of a deal to buy Classiq. Later in the day, Proactive showed the stock up 3.6%.
Bloomberg reported the price at about $2.3 billion, citing people familiar with the matter. Intel and Classiq declined to comment.
Reuters could not independently verify the figure. Intel announced the agreement on Monday but did not share financial terms.
What Intel Gets From Classiq
Classiq is an Israeli quantum software firm that has raised over $200 million. Its platform helps developers write programs for quantum computers.
Users do not need deep expertise in quantum circuit design. That makes the tools easier to pick up.
The deal would pair Classiq’s algorithm synthesis platform with Intel’s silicon spin-qubit technology. Intel’s manufacturing know-how and existing quantum software come along for the ride.
Intel says the result would be a full-stack quantum computing platform. In plain terms, that means hardware and software under one roof.
Intel’s lineup already includes CPUs, GPUs and application-specific integrated circuits. Quantum processing units would now join that list.
CEO Lip-Bu Tan said the deal “transforms Intel’s Quantum Computing Group into a full-stack quantum computing business.” He said it builds on progress in scalable silicon spin-qubit technology.
Intel has invested in quantum computing since 2015. It says it can make qubit chips and cryogenic control electronics at scale using standard silicon equipment.
Open Software, Independent Operations
Classiq’s platform runs across different types of quantum hardware. Intel plans to keep it that way.
The company said it will keep supporting Classiq’s existing integrations with multiple hardware platforms. The aim is an open ecosystem that does not depend on one quantum technology.
Classiq co-founder and CEO Nir Minerbi said the combination could speed up adoption. He pointed to easier creation of scalable applications.
Intel wants quantum computing to be more accessible to developers, researchers and businesses. It also wants to move the technology 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.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
