D-Wave Quantum Inc. (NASDAQ: QBTS) announced on September 14, 2026, that it has executed a definitive agreement with the U.S. Department of Commerce, granting the company access to up to $100 million in funding under the U.S. CHIPS and Science Act. The agreement follows a previously announced Letter of Intent and marks a significant step in U.S. efforts to maintain leadership in quantum computing.
D-Wave is the only dual-platform quantum computing company, offering both annealing and gate-model systems, software, and services. The funding is intended to expand domestic quantum capabilities, strengthen the underlying supply chain, and bring increasingly powerful quantum systems to market.
“We’re grateful to the U.S. government for this award to D-Wave and for the leadership it is demonstrating in advancing quantum innovation,” said Dr. Alan Baratz, CEO of D-Wave. “The Administration has made clear that U.S. quantum leadership will require not only breakthrough research, but also the ability to scale, commercialize and manufacture these technologies. This award will help fulfill that mission by expanding domestic quantum capabilities, strengthening the underlying supply chain and bringing increasingly powerful quantum systems to market.”
The news matters because it underscores the U.S. government’s commitment to quantum computing as a strategic technology. Quantum computers can solve complex problems beyond the reach of classical computers, with potential applications in logistics, drug discovery, materials science, and artificial intelligence. By investing in D-Wave, the government aims to ensure that the United States remains competitive in a field with significant national security and economic implications.
For readers and investors, this agreement could accelerate the commercialization of quantum technologies, leading to new products and services. It may also boost the domestic quantum supply chain, creating jobs and fostering innovation across the tech sector. D-Wave’s Leap quantum cloud service, which offers 99.9% availability and uptime, is already used by more than 100 organizations across commercial, government, and research sectors. The additional funding could enable D-Wave to enhance its offerings and reach more customers.
The global race for quantum supremacy involves heavy investments from countries like China and the European Union. The U.S. CHIPS and Science Act, which provides funding for semiconductor manufacturing and science research, is part of a broader effort to secure American technological leadership. D-Wave’s award is one of the first under the act’s quantum computing provisions, signaling that the government views quantum as a priority.
For more details, the full press release is available at https://ibn.fm/XPNic. To learn more about D-Wave, visit https://www.dwavequantum.com. The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS.
Forward-looking statements in the press release caution that actual results may differ materially due to risks and uncertainties. Undue reliance should not be placed on such statements when making investment decisions.
