❯ Intel agrees to acquire quantum software company Classiq

Deal still pendingIntel says it signed a definitive agreement to acquire Israeli quantum computing software company Classiq. Intel did not disclose a price. The transaction is subject to regulatory and other closing conditions, is expected to close in the first half of 2027, and the companies will operate independently until then.

What Classiq sellsQuantum algorithms are expressed using quantum circuits. Classiq’s software lets developers describe a problem at a higher level and generates circuits for different hardware, reducing the need to build each circuit by hand. Classiq says it was founded in 2020 and has raised more than $200 million.

What Intel bringsIntel has spent years developing silicon spin qubits, chip manufacturing and cryogenic controls. Qubits are the basic units of information in quantum computing; Intel hopes to use semiconductor processes to support future chip production. Its existing hardware and software work would be combined with Classiq’s algorithm design platform.

After the dealIntel intends to continue supporting Classiq’s integrations across different hardware platforms. Developers could use software to abstract some hardware differences and adapt algorithms to available machines; Intel would gain a broader product stack spanning software and processors.

▮ SIGNALQuantum computing needs better qubits and tools that let developers who are not circuit specialists put them to work.