D-Wave Quantum Inc. (NASDAQ: QBTS) 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, announced on September 14, 2026, follows a previously announced Letter of Intent and marks a significant step in the federal government's efforts to accelerate U.S. leadership in quantum computing.
The funding is poised to have far-reaching implications for the quantum computing industry and the broader U.S. technology landscape. By providing substantial financial support to D-Wave, the government is signaling that quantum computing is a strategic priority, essential not only for scientific breakthroughs but also for scaling, commercializing, and manufacturing these advanced technologies. This aligns with the administration's stated goal of ensuring that the United States remains at the forefront of quantum innovation.
Dr. Alan Baratz, CEO of D-Wave, expressed gratitude for the award, noting that it will help expand domestic quantum capabilities, strengthen the supply chain, and bring increasingly powerful quantum systems to market. "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," Baratz said. "This award will help fulfill that mission."
D-Wave is uniquely positioned as the only dual-platform quantum computing company, offering both annealing and gate-model systems, software, and services. Its technology is already trusted by more than 100 organizations across commercial, government, and research sectors. The company's Leap quantum cloud service boasts 99.9% availability and uptime, making quantum computing accessible today. This funding will likely accelerate D-Wave's ability to enhance its systems and expand its customer base, further solidifying its role in shaping the quantum-driven industrial and societal advancements of tomorrow.
The agreement also highlights the importance of domestic manufacturing and supply chain resilience in quantum computing. As quantum technologies move from research labs to real-world applications, the ability to produce and deploy them at scale will be critical for economic and national security. The CHIPS and Science Act funding is designed to bolster these aspects, ensuring that the U.S. can compete globally in a field with immense potential.
For investors and industry observers, this development is a strong vote of confidence in D-Wave's technology and business model. It also sets a precedent for further public-private partnerships in quantum computing, potentially encouraging other companies to pursue similar collaborations. The full press release can be viewed at https://ibn.fm/XPNic, and more information about D-Wave is available at https://www.dwavequantum.com.
As quantum computing continues to evolve, this funding will likely spur innovation, create jobs, and enhance U.S. competitiveness in a technology that promises to revolutionize fields from materials science to artificial intelligence. D-Wave's progress will be closely watched as it leverages this support to drive the next wave of quantum advancements.
