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, securing 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.
The funding will support D-Wave’s expansion of domestic quantum capabilities, strengthen the underlying supply chain, and accelerate the commercialization of increasingly powerful quantum systems. D-Wave is the only dual-platform quantum computing company, offering both annealing and gate-model systems, software, and services.
“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 quantum computing as a critical technology for national competitiveness and security. By investing in domestic quantum capabilities, the U.S. aims to reduce reliance on foreign supply chains and ensure that advanced computing technologies are developed and manufactured on American soil. Quantum computing has the potential to revolutionize fields such as drug discovery, materials science, logistics, and artificial intelligence, making leadership in this area a strategic priority.
D-Wave’s quantum 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 enable the company to further scale its operations and bring more powerful systems to market, potentially accelerating the adoption of quantum computing across industries.
For more details, view the full press release 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.
This award underscores the growing recognition that quantum computing is not just a scientific pursuit but an industrial and economic imperative. As countries race to achieve quantum advantage, the U.S. investment in D-Wave could help ensure that the nation remains at the forefront of this transformative technology.
