# Intel's $2.3 billion Classiq deal would turn quantum research into a commercial business

_Published Wednesday, October 28, 2026 at 1:10 PM EDT · Products, Science · Latest · Tier 1 — Major_

![Intel's $2.3 billion Classiq deal would turn quantum research into a commercial business — Primary](https://image.nextplatform.com/5305414.jpg?imageId=5305414&x=0&y=0&cropw=100&croph=100&panox=0&panoy=0&panow=100&panoh=100&width=1200&height=683)

Intel plans to acquire Classiq for $2.3 billion, adding quantum software and more than four dozen enterprise customers to a hardware effort that has spent the past decade in research.

Classiq's software supports different quantum hardware types, extending beyond Intel's spin-qubit approach. Its customers include Comcast, AT&T, BMW and Oak Ridge National Laboratory.

Intel cautions that the combined business would not deliver high margins from day one. Classiq was valued at estimates ranging from $400 million to $600 million last year. The acquisition is expected to close in the second half of next year.

## Sources

- [The Next Platform: In-depth coverage of high end computing](https://www.nextplatform.com/hpc/2026/10/28/intels-23-billion-bet-on-a-quantum-future-is-a-decade-in-the-making/5306068)

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Canonical: https://techandbusiness.org/newswire/cempY7CTMMKOdiu-lZYs6J
Published: 2026-10-28T17:10:09.755Z
Story chronology: 2026-10-28T16:48:23.000Z
Retrieved: 2026-10-28T20:02:28.921Z
Publisher: Tech & Business (techandbusiness.org)