D-Wave Quantum signs $100 million CHIPS Act funding agreement
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D-Wave Quantum and Department of Commerce Sign Letter of Intent for $100 Million in CHIPS and Science Act Funding to Accelerate U.S. Leadership in Quantum Computing
May 21, 2026 6:47 AM EDTFunding would advance the companys superconducting annealing and gate-model technology development
U.S. government to obtain an equity stake in D-Wave
PALO ALTO, Calif.--(BUSINESS WIRE)-- D-Wave Quantum Inc. (NYSE: QBTS), (D-Wave or the Company), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today announced that it has signed a Letter of Intent (LOI) for $100 million of proposed funding under the U.S. CHIPS and Science Act, which is administered by the U.S. Department of Commerce. In... More
