On October 26th local time, Intel announced that it has reached a final agreement to acquire Israeli quantum computing software startup Classiq. The transaction is expected to be completed in the first half of 2027, subject to regulatory approval and meeting other customary closing conditions.

Intel stated in its official press release that the acquisition aims to create a full stack quantum computing platform, combining Classiq's automated quantum algorithm synthesis platform with Intel's quantum software platform, silicon spin qubit technology, and semiconductor manufacturing technology to create a user-friendly full stack quantum computing platform, making Intel a full stack quantum computing service provider.

Intel did not disclose the price of this acquisition. According to Israeli media reports, the transaction amount is approximately $2.2 billion to $2.3 billion, and it is described as the largest acquisition in the history of quantum computing. This is the first acquisition announced by Chen Liwu as CEO of Intel in a year and a half, and also Intel's second largest acquisition in Israel, second only to its $15.3 billion acquisition of Israeli autonomous driving technology company Mobileye in 2017.

Classiq is a company focused on quantum computing software, founded in 2020 and headquartered in Tel Aviv, Israel. It has completed over $200 million in financing to date and currently has approximately 130 employees. Its clients include large enterprises such as BMW Group and AT&T.

This acquisition will integrate Classiq's quantum algorithm automatic synthesis platform with Intel's capabilities in silicon-based spin qubit manufacturing and low-temperature control electronic devices, making Intel a full stack solution provider that can simultaneously provide quantum hardware and software.

Intel has been deeply involved in the field of quantum computing for over a decade, with spin qubit technology as its core direction, and claims to be the only company currently capable of using traditional silicon-based semiconductor manufacturing processes and equipment to mass produce qubit chips and complex low-temperature control electronic devices.

However, Intel, with its outstanding hardware capabilities, has a clear gap in quantum software, and Classiq happens to fill this gap.

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