Intel has signed a definitive agreement to acquire Classiq. With the deal, Intel wants to offer a complete quantum computing stack.
Intel is acquiring Classiq to expand its quantum activities with a software platform for quantum algorithms. Classiq is an Israeli quantum software company.
Classiq develops a synthesis platform that automatically converts quantum algorithms into quantum circuits. This allows developers, researchers and companies to build quantum applications without in-depth knowledge of circuit design.
The platform works independently of the type of qubit and the underlying hardware. Intel compares the role of Classiq to that of EDA and CAD software, which more than forty years ago separated the design of silicon chips from the complexity of the hardware.
Place in Intel’s portfolio
Intel has been investing in quantum computing since 2015. By combining Classiq with its own quantum software and silicon spin qubits, Intel wants to become a full-stack provider. The company would then add quantum processors (QPUs) to a portfolio of CPUs, GPUs and ASICs.
Intel intends to continue supporting Classiq’s existing integrations with multiple platforms. The software will therefore keep working with different types of qubits and hardware.
The acquisition still needs regulatory approval and is expected to close in the first half of 2027. Until then, Intel and Classiq remain two independent companies. Intel has not yet disclosed the financial details of the transaction.