Intel Acquires Israeli Quantum Startup Classiq for $2.3 Billion in Historic Deal
Intel is acquiring Israeli quantum startup Classiq for $2.3 billion in cash and stock, executing the largest quantum computing deal in history to accelerate its hardware and software integration.
Intel has agreed to acquire Israeli quantum startup Classiq for $2.3 billion in cash and stock, marking the largest quantum computing acquisition in history. The landmark deal is set to bolster Israel's standing as a global hub in the quantum sector.
Founded six years ago by Nir Minerbi, Amir Naveh, and Yehuda Naveh, Classiq developed software designed to bridge the gap between quantum hardware and end-users. Minerbi noted that the company aimed to build a robust commercial foundation rather than relying solely on deep-tech research funding. Intel's Chief Technology Officer compared Classiq's software to CUDA for Nvidia or DOS for Microsoft, serving as an essential operating system for quantum computers.
Following years of internal challenges that paused major acquisitions, Intel views the purchase as a strategic leap to transform its quantum research into a scalable business. Classiq will operate as Intel's strategic quantum leadership hub from Israel, integrating its 140 employees into Intel's existing quantum division.
