Intel buys Israeli quantum computing startup Classiq for $2.2 billion
Intel just bought Israeli startup Classiq for $2.2 billion.
The short version
- Classiq builds operating systems for quantum computers used by BMW and Citibank.
- This is the biggest quantum acquisition in history.
Intel, the giant chipmaker, just announced the acquisition of Israeli quantum computing software company Classiq for $2.2 billion, according to Globes. Tel Aviv-based Classiq has developed an operating system for quantum computers, marking the biggest-ever acquisition in the quantum sector. Classiq was founded in 2020 by CEO Nir Minerbi, along with Yehuda and Amir Naveh, and has raised $200 million while keeping about $100 million in cash that reduces the net purchase price to $2.2 billion.
The company describes itself as the Microsoft of the quantum world, building software that runs on top of specialized processors and lets developers design complex algorithms. BMW utilized the Classiq platform to develop simulation software for vehicle dynamics, while HSBC built an application for fraud detection.
Classiq also serves commercial clients like Citibank, Deloitte, and Rolls Royce, plus over 600 academic labs at places like MIT. Intel CEO Lip-Bu Tan pushed for the massive deal despite Intel's mixed history of integrating Israeli acquisitions like Mobileye and Habana Labs.
Intel's share price has jumped by 140% since early 2026, pushing its market value near $500 billion amid new contracts and manufacturing rumors. For tech investors and the chip industry, this huge bet signals Intel's aggressive push to capture the next era of computing power before anyone else.
