D-Wave receives year 2 funding for quantum computing project
D-Wave Quantum Inc. (NYSE: QBTS) announced it received second-year funding for the Improved Materials for Superconducting Qubits with Scalable Fabrication project from the Northeast Regional Defense Technology Hub.
The funding was awarded to D-Wave subsidiary Quantum Circuits, LLC as part of four programs collectively receiving more than $25 million in second-year funding. The programs achieved first-year benchmarks by demonstrating results in the design, fabrication, and characterization of quantum computing components.
The SQFab project is administered through NORDTECH, a regional consortium that includes semiconductor research and development facilities, government labs, defense companies, academic institutions, and technology manufacturing organizations in New York State. NORDTECH operates as one of eight hubs in the U.S. Microelectronics Commons program, a Department of War initiative executed through the Naval Surface Warfare Center Crane Division.
The project focuses on improving materials for superconducting qubits with scalable fabrication methods to support next-generation microelectronics capabilities. The work aims to establish infrastructure for superconducting qubit fabrication and system scalability, developing packaging and testing protocols for gate-model superconducting quantum systems.
"This award reflects the growing recognition that quantum computing will play an important role in advancing U.S. microelectronics innovation," said Dr. Alan Baratz, CEO of D-Wave.
The Microelectronics Commons program seeks to accelerate domestic microelectronics prototyping, strengthen semiconductor supply chains, and expand U.S. leadership in critical technologies by connecting industry, academia, and government partners.
D-Wave describes itself as the first commercial supplier of quantum computers and the only company offering dual-platform quantum computing products spanning both annealing and gate-model quantum computing technologies.
