D-Wave Quantum Inc. (NASDAQ: QBTS) has finalized a definitive agreement with the U.S. Department of Commerce that grants the company access to up to $100 million in funding under the U.S. CHIPS and Science Act. The agreement, announced on September 14, 2026, follows a previously announced Letter of Intent and marks a significant step in the U.S. government's efforts to maintain leadership in quantum computing.
The funding will enable D-Wave to expand domestic quantum capabilities, strengthen the underlying supply chain, and accelerate the commercialization and manufacturing of its quantum systems. As the only dual-platform quantum computing company offering both annealing and gate-model systems, software, and services, D-Wave is uniquely positioned to support the Administration's goal of scaling breakthrough research into market-ready technologies.
"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 implications of this award extend beyond D-Wave. It signals a broader federal commitment to nurturing a domestic quantum ecosystem, which could spur innovation, create high-tech jobs, and enhance national security. Quantum computing has the potential to revolutionize fields such as drug discovery, materials science, logistics, and artificial intelligence. By investing in D-Wave's dual-platform approach, the U.S. government is hedging its bets on multiple quantum technologies, ensuring that the country remains competitive against global rivals like China and Europe.
D-Wave's systems are available on-premises and via its Leap quantum cloud service, which boasts 99.9% availability and uptime. More than 100 organizations across commercial, government, and research sectors already trust D-Wave to tackle complex computational challenges. The new funding will likely accelerate the development of more powerful quantum systems and expand access to this technology for U.S. entities.
For investors, the definitive agreement removes uncertainty surrounding the previously announced Letter of Intent and provides a clear path to capital. It also validates D-Wave's technology and business model, potentially attracting further investment and partnerships. The CHIPS and Science Act funding is part of a larger U.S. strategy to onshore semiconductor and advanced computing production, reducing reliance on foreign supply chains.
For the full press release, visit 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.
