Argentum AI in talks for $5 billion chip financing
The proposed debt would fund additional chips for a Polish data center, one person familiar with the discussions said.
Intel's Classiq acquisition valued at about $2.3 billion in media report
The chipmaker announced the quantum software deal without financial terms. Regulatory approvals are required, with closing expected in the first half of 2027.
Intel has agreed to pay about $2.3 billion for Classiq, an Israeli company developing software for quantum computing, according to an October 27 media report citing people familiar with the matter. Intel had already announced the acquisition but left the price undisclosed.
Intel declined to comment, while Classiq did not immediately respond to a request for comment on the reported valuation. The acquisition requires regulatory approvals, and completion is expected in the first half of 2027.
Classiq has raised over $200 million and develops software designed to make quantum computer programming simpler. The purchase would allow Intel to supply the software as well as the hardware used to operate quantum systems, giving the chipmaker a full-stack offering.
Intel said it intends to maintain compatibility between Classiq's software and hardware made by other companies once the transaction is completed. Intel's existing product lineup includes central processing units and graphics processors.