Intel has purchased Classiq, a Hebrew quantum software company, for $2.2 billion. Intel plans to integrate QPUs into its compute portfolio, enabling it to provide complete quantum solutions. – Intel In 2020, Nir Minerbi, Amir Naveh, and Yehuda Naveh established Classiq, which has created an operating system that automates the transformation of high-level functional models into optimized quantum circuits.
The platform is independent of the underlying qubit modality and quantum computing hardware, enabling developers to design, build, test, and execute software without regard for the type of quantum computer it was intended for. In February 2022, Classiq secured $33m in a Series B funding round, backed by investors such as HPE and Samsung.
The acquisition is predicted to be finalized in the first half of 2027, contingent upon regulatory approvals and other standard closing requirements. Until the end of the day, Intel and Classiq will carry on functioning as distinct, autonomous entities. “I am thrilled that Nir, Yehuda, Amir, and the entire Classiq team have become part of Intel,” said Lip-Bu Tan, Intel’s CEO.
Intel has achieved significant advancements in quantum computing over ten years by utilizing its expertise in semiconductor innovation, advanced manufacturing, and systems engineering to develop scalable silicon spin-qubit technology. By collaborating with Classiq, Intel’s Quantum Computing Group evolves into a comprehensive quantum computing enterprise.
The CEO and co-founder of Classiq, Minerbi, stated: “From our inception, Classiq has aimed to make quantum computing feasible and user-friendly by allowing developers, researchers, and businesses to develop scalable quantum applications with ease, without the necessity of extensive knowledge in quantum circuit design.” In collaboration, Intel and Classiq can assist in realizing the advantages of quantum computing and expedite its uptake more rapidly.” Further details can be found in the sections relating to Investment, Mergers and Acquisitions, and Financing.
