Intel has agreed to acquire quantum software company Classiq in a transaction reportedly valued at $2.3 billion, according to CTech. The definitive agreement was announced on 26 October 2026.
The reported $2.3 billion consideration comprises cash and Intel shares, according to CTech. Intel has confirmed the acquisition agreement but has not disclosed the purchase price in its official announcement.
The deal would combine Intel's silicon spin-qubit research, semiconductor manufacturing capabilities and quantum software with Classiq's automated quantum algorithm synthesis platform. Classiq develops hardware-agnostic tools that translate high-level quantum algorithms into executable circuits. According to the source, the proposed acquisition assigns substantial strategic value to the software layer, even before fault-tolerant quantum computing achieves widespread commercial adoption.
Intel intends to combine quantum processor development, manufacturing, control technologies and application software, which the source says could reduce integration barriers between quantum hardware and enterprise development environments. Intel also intends to preserve Classiq's compatibility with multiple quantum hardware architectures; the source notes that maintaining that independence will matter to customers and hardware partners competing with Intel's own quantum roadmap.
CTech reports that Classiq has raised approximately $200 million, including a $110 million financing round in 2025. Its last reported valuation was approximately $600 million to $700 million. The source notes that the proposed acquisition price represents a substantial increase, although investor returns depend on ownership, dilution and transaction terms.
The acquisition remains subject to regulatory approvals and customary closing conditions. Completion is expected in the first half of 2027.