Story perspectives

Intel to buy Classiq for $2.3 billion in 2027

By Drooid · Oct 27, 2026, 2:25 AM UTC · How we work

Summary

Intel Acquires Classiq

Intel Corp. is acquiring Israel’s quantum software firm Classiq for $2.3 billion in cash and stock.
The deal announced Oct. 26 2026 will close in the first half of 2027 after regulatory approval.
Founders Nir Minerbi, Amir Naveh and Yehuda Naveh will stay in Israel to run Classiq, each receiving $80-$100 million.
Classiq’s quantum OS platform serves BMW, AT&T, Citi and Rolls-Royce, having attracted over $300 million from Entrée Capital.

Summary

Intel Forecasts Q3 Growth

CEO Lip-Bu Tan disclosed ongoing talks with AMD chief Lisa Su about joint initiatives.
Intel aims to generate roughly 10% of revenue each from ASICs, co-packaged optics, physical AI, and advanced packaging.
Intel released version 0.5 of its 14A process design kit, with versions 0.9 and 1.0 slated for early 2027.
Analysts forecast Q3 2026 earnings per share of $0.40 and revenue of $16.47 billion, a 20.7% YoY rise.

History

Historical Context

In December 2015 Intel bought FPGA maker Altera for $16.7 billion, creating the Programmable Solutions Group. After spinning Altera off in 2024 and selling a 51 % stake to Silver Lake in 2025, Intel kept its multi-billion-dollar acquisition drive, highlighted by the $2.3 billion 2024 purchase of quantum-software firm Classiq, extending its chip portfolio.

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Intel Acquires Classiq

Intel Corp. is acquiring Israel’s quantum software firm Classiq for $2.3 billion in cash and stock.
The deal announced Oct. 26 2026 will close in the first half of 2027 after regulatory approval.
Founders Nir Minerbi, Amir Naveh and Yehuda Naveh will stay in Israel to run Classiq, each receiving $80-$100 million.
Classiq’s quantum OS platform serves BMW, AT&T, Citi and Rolls-Royce, having attracted over $300 million from Entrée Capital.

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