Intel to acquire Israeli quantum startup Classiq for $2.3 billion - CTech
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The first major exit for Israel's quantum industry: Classiq, a developer of operating systems for quantum computers, is being acquired by Intel for $2.3 billion in a combination of cash and stock. The deal would make Classiq the most expensive quantum company acquisition to date, by a significant margin. The previous record was set last year, when IonQ acquired Oxford Ionics for $1 billion. Full list of Israeli startup M&As in 2026 The transaction also marks a major acquisition for Intel, which paid approximately $1 billion for Israeli mobility company Moovit six years ago and $2 billion for Habana Labs a year earlier. Intel has made other acquisitions since then, including the Israeli company Granulate, but those deals were valued in the hundreds of millions of dollars. Intel has not acquired another Israeli company since the Granulate deal in 2022. For Israelis accustomed to multibillion-dollar exits in cybersecurity, $2.3 billion might not seem particularly large. In quantum computing, however, it represents a landmark deal. Despite the excitement surrounding the field, quantum computers have yet to achieve widespread practical commercial use. There are currently only 117 quantum computers worldwide, and they remain prohibitively expensive and largely inaccessible. Quantum computing has shown promise for decades, and the field has recorded several significant...
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