Intel to Acquire Israeli Quantum Software Startup Classiq
Intel is buying Israeli quantum software developer Classiq. Financial terms were not disclosed, Stocktwits reports, ahead of Intel's third-quarter earnings.
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what happened
Intel has agreed to buy Israeli software firm Classiq Technologies. The company did not disclose financial terms and timed the announcement ahead of its third-quarter earnings report on Thursday, according to Stocktwits.
Founded in 2020, Classiq builds code and artificial intelligence tools that let businesses test quantum applications across different hardware. Its customers include BMW and AT&T. The startup has raised more than $200 million in venture funding and employs roughly 130 people.
Intel CEO Lip-Bu Tan said the deal turns the company's Quantum Computing Group into a full-stack quantum computing business. Stocktwits reported that Intel shares rose 4% on Monday and gained another 1% after hours.
why it matters
The deal shows Intel trying to secure a position in quantum computing while it works to win back ground in AI processors. With the price undisclosed, its effect on Intel's financials remains unclear.
market impact
Intel: expansion into quantum computing, share impact depends on deal terms and upcoming earnings
tags
instruments
sources
- Intel Deepens Quantum Ambitions With Acquisition of Software Startup Classiq — Stocktwits, 26 October 2026 at 23:45 UTC
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