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 the federal government's efforts to bolster domestic quantum computing capabilities.
The funding is intended to accelerate U.S. leadership in quantum computing, a field that is increasingly seen as critical to national security and economic competitiveness. D-Wave, the only dual-platform quantum computing company offering both annealing and gate-model systems, software, and services, will use the award 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 agreement underscores the growing recognition that quantum computing could revolutionize industries ranging from pharmaceuticals to finance by solving complex problems that are beyond the reach of classical computers. By investing in D-Wave, the U.S. government aims to ensure that the country remains at the forefront of this transformative technology, rather than ceding ground to global competitors.
D-Wave has been a pioneer in the quantum computing space, becoming the world’s first commercial supplier of quantum computers and the first to offer dual-platform products and services. Its Leap™ quantum cloud service, which boasts 99.9% availability and uptime, is used by more than 100 organizations across commercial, government, and research sectors to tackle complex computational challenges.
The funding from the CHIPS and Science Act is part of a broader U.S. strategy to strengthen domestic semiconductor and advanced technology manufacturing. For D-Wave, the award provides the financial resources to scale its operations and accelerate the commercialization of its quantum systems, which could lead to breakthroughs in areas such as optimization, machine learning, and materials science.
For investors and industry observers, the definitive agreement signals strong government backing for D-Wave and the quantum computing sector as a whole. It also highlights the increasing convergence of public policy and private innovation in emerging technologies. As quantum computing continues to mature, the U.S. government's support could help drive job creation, technological leadership, and economic growth.
To view the full press release, visit https://ibn.fm/XPNic. For more information 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 this article involve risks and uncertainties that could cause actual results to differ materially. Undue reliance should not be placed on such statements.
