Intel has agreed to acquire Classiq Technologies Ltd., an Israeli quantum software company, for $2.2 billion, SiliconANGLE reports. That would make it the chipmaker's second-largest acquisition, behind the $15.3 billion Mobileye purchase in 2017.
Classiq builds a platform for designing, building, testing and running quantum algorithms. It is hardware-agnostic, meaning it targets machines from vendors such as IBM, Google and IonQ, and across qubit approaches including trapped ions, superconductors, photons and Intel's own spin-qubit systems. The software is designed to run on top of specialized processors from Quantum Machines Ltd.
Customers named in the report show the range of use cases. BMW used the platform for aerodynamics simulation, HSBC for a fraud-detection algorithm, and Intesa Sanpaolo for an options-pricing application.
Intel says Classiq will become its global development center for quantum computing. The plan is to combine the platform with Intel's spin-qubit manufacturing process to produce a user-friendly full-stack system. Intel likens the technology to electronic design automation and computer-aided design tools, arguing that a higher level of abstraction could move quantum computing beyond hand-built circuits and applications.
SiliconANGLE frames the deal as an entry into operating-system territory and names IBM's Qiskit, which is also hardware-agnostic, as the most likely rival. It notes Qiskit is newer than Classiq's platform but benefits from IBM's brand and standing in quantum.
There is also a link between buyer and target. Intel CEO Lip-Bu Tan invested in Classiq's $33 million Series B in February 2022 and returned for its $110 million Series C in May 2025. The company has raised just over $200 million in total.
The transaction is subject to customary closing conditions and regulatory approvals. Intel expects it to close in the first half of next year.
Why it matters: The deal shows Intel treating the software and abstraction layer as central to commercializing quantum hardware, rather than leaving it to third parties. Whether that creates a durable advantage depends on closing, on how well Classiq's neutral stance holds up inside a hardware vendor, and on competition from IBM. The source offers no financial or timeline details on commercial quantum deployments.
TwinStack automated analysis, based on reporting by SiliconANGLE. Check the original for full details.