Intel makes its own qubits, but the quantum software company it agreed Monday to buy was built to run on everybody’s machines. Intel says it intends to keep it that way.

The chipmaker signed a definitive agreement to acquire Classiq , a Tel Aviv startup whose platform combines AI agents, a high-level quantum modeling language and design automation to produce hardware-ready quantum software. Intel didn’t disclose a price. Calcalist’s Ctech reported the deal at $2.3 billion in cash and Intel stock, which it said would be the most expensive quantum acquisition yet, well ahead of IonQ’s $1 billion purchase of Oxford Ionics. SiliconANGLE put the figure at $2.2 billion.

Ctech called that a substantial multiple for a young company. Classiq has about 150 employees and annual revenue in the tens of millions of dollars, the outlet reported, and its last funding round valued it at an estimated $600 million to $700 million.…