Intel Announces Agreement to Acquire Classiq on Oct. 26 to Build an End-to-End Quantum Platform
Key Facts
Intel announced on Oct. 26, 2026, that it had entered into a definitive agreement to acquire Classiq, a quantum-computing software specialist. The company said combining Classiq’s platform with its expertise in manufacturing spin qubits and its software would enable it to build an end-to-end quantum platform. Intel did not disclose the value of the deal. The figure therefore remains a media-reported estimate, not a price announced by Intel.
The announced plan is to connect software with the hardware capabilities Intel is developing, rather than limit the deal to adding a standalone software product. Intel said the integration could make it a provider of end-to-end quantum solutions. Classiq’s platform provides tools to generate quantum algorithms, according to the company’s description. The platform is also designed to work independently of the type of qubit or hardware used. Intel said it offers “a unified software platform that is independent of the type of qubit or underlying hardware.”
Intel says Classiq’s platform is used by dozens of global companies and supports running software across multiple quantum hardware platforms. That reach would give the proposed acquirer an established user base, according to Intel’s statement. Classiq announced in May 2025 that it had raised $110 million in a Series C funding round. The company said the round brought its total funding to $173 million. The round was led by Entrée Capital, with participation from investors including HSBC, Samsung Next and QBeat, according to Classiq.
The proposed deal comes in a field where developing solutions and achieving commercial use still face challenges, Intel warned. The company pointed to uncertainty around the timing and scale of commercial adoption. That caveat places the announced technical integration in the context of a path whose commercial results remain tied to market development. In the market, Intel shares closed at $90.47 on Oct. 26, 2026. Coverage published on Oct. 27 also reported that Needham maintained its “Hold” rating on the stock after the deal announcement.
The parties will not immediately begin operating as a single entity: Intel said they would continue to operate independently until the deal closes. The agreement remains subject to regulatory approvals and customary closing conditions. Intel expects to complete it in the first half of 2027. Until then, Classiq and Intel will remain independent companies, according to the company’s statement. Intel said the deal is “expected to close in the first half of 2027,” with both parties continuing to operate independently until closing.