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Intel Corporation stories

Oct 26, 2026

Intel acquires quantum computing startup Classiq Technologies

Intel agreed to acquire Israeli quantum computing startup Classiq Technologies as part of its push to capitalize on quantum computing applications.

Oct 26, 2026·3 sources

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Top claims

▪Early-stage venture firm Entrée Capital, Classiq Technologies Ltd.'s largest shareholder, stands to return over $300 million from its initial pre-seed investment
▪Classiq Technologies Ltd. software is designed to execute on specialized quantum algorithm processors developed by Quantum Machines Ltd.
▪Intel Corporation Chief Executive Officer Lip-Bu Tan stated that acquiring Classiq Technologies Ltd. transforms Intel Corporation's Quantum Computing Group into a full-stack quantum business

Subtopics

Corporate strategy1 Mergers & acquisitions (M&A)1 Quantum computing1 Venture capital1

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