Intel Agrees to Buy Israeli Quantum Software Startup Classiq in Full-Stack Computing Push

Intel has agreed to acquire Classiq Technologies, an Israeli quantum computing software startup, in a deal that would transform the chipmaker's Quantum Computing Group into a full-stack quantum business. Financial terms were not disclosed.

Classiq develops software that allows companies to design and run quantum applications across different types of quantum hardware. The startup counts BMW and AT&T among its customers, has raised more than $200 million in funding, and employs around 130 people.

Intel CEO Lip-Bu Tan framed the deal as a strategic step for the company's quantum ambitions, saying that joining forces with Classiq transforms Intel's Quantum Computing Group into a full-stack quantum computing business. The acquisition positions Intel to offer both the hardware and software layers of quantum computing as the field seeks commercial scale.