Intel Agrees to Acquire Quantum Software Company Classiq
Technology · First reported 30 Oct, 10:15 · Updated 10:21
Intel has agreed to acquire Classiq, combining its quantum software with Intel’s silicon spin-qubit work and manufacturing capabilities. Intel says the deal is intended to build a full-stack quantum offering; completion is expected in the first half of 2027, subject to approvals and customary conditions.
- Classiq’s software helps users design quantum applications and is intended to work across different quantum hardware platforms.
- Intel says the combination would span quantum software, algorithms, control systems and processors, while preserving Classiq’s hardware-agnostic integrations.
- The companies will operate independently until the deal closes, which is expected in the first half of 2027 pending regulatory approvals and customary conditions.
Summary written by Lux AI from 2 articles
Key facts
- Buyer and target
- Intel and quantum software company Classiq
- Expected close
- First half of 2027, subject to regulatory approvals and customary closing conditions
- Interim operations
- Intel and Classiq will operate independently until completion
- Classiq platform
- Designed to create quantum applications for different hardware platforms
- CPU market estimate cited in snippet
- Tan said the addressable market could reach $200 billion over five years from AI-agent-related demand
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