Intel’s agreement to acquire 100% of Classiq Technologies Ltd. sets an approximate base price of $1.9 billion, plus up to $350 million tied to performance milestones, according to Intel’s Q3 2026 Form 10-Q. If the full contingent amount is earned, those components add up to approximately $2.25 billion before adjustments. That is a conditional ceiling, not a guaranteed payout.
What makes up the purchase price
| Component | Amount | Terms |
| Base consideration | Approximately $1.9 billion | For 100% of Classiq, subject to customary purchase-price adjustments |
| Contingent consideration | Up to $350 million | Tied to specified performance milestones |
| Base plus maximum contingent amount | Approximately $2.25 billion before adjustments | Arithmetic total if the full contingent amount is earned |
The $350 million is a conditional payment, not an automatic addition to the base price.
The filing’s terms help explain why rounded deal descriptions differ. Seedtable relayed a $2.2 billion figure attributed to Globes and Bloomberg, while a Yahoo Finance article sourced to GuruFocus described the deal as worth about $2.3 billion. Those rounded figures sit near the $2.25 billion arithmetic ceiling, which assumes the full milestone payment.
The strategic aim and payment terms
Intel’s stated aim is to bring Classiq’s quantum-software capabilities together with its own quantum-computing work. The agreement was announced on October 26, 2026, according to the announcement coverage. For background, NeoTeo previously covered Intel’s agreement to acquire Classiq and its plan to pair quantum software with hardware.
In an English-language i24NEWS interview, Amiti founder and managing partner Ben Rabinovitch discussed the deal and quantum software. He described it as the biggest quantum-software acquisition in his view.
Intel may pay in cash or shares of its common stock. The company expected the transaction to close in the first half of 2027, subject to regulatory approvals and customary closing conditions.
