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 American leadership in quantum computing.
The funding is poised to have far-reaching implications for the U.S. quantum industry. It signals a strategic recognition that maintaining a competitive edge in quantum computing requires not only basic research but also the ability to scale, commercialize, and manufacture quantum technologies domestically. By injecting capital into D-Wave, the government aims to strengthen the entire quantum supply chain and bring more powerful quantum systems to market faster.
Dr. Alan Baratz, CEO of D-Wave, emphasized the importance of the award: “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. 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.”
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 used by more than 100 organizations across commercial, government, and research sectors. The company’s Leap™ quantum cloud service provides 99.9% availability and uptime, making quantum computing accessible today. The new funding will likely accelerate D-Wave’s ability to enhance these offerings and expand their reach.
The broader implications for the quantum sector are substantial. The U.S. government’s investment in D-Wave could catalyze further private investment and encourage other companies to pursue quantum innovation. It also positions the U.S. more competitively against global rivals who are investing heavily in quantum research and development. As quantum computing moves from laboratory to commercial applications, domestic manufacturing and supply chain control become critical for national security and economic prosperity.
For D-Wave, the funding provides the resources to scale operations, potentially leading to more powerful quantum systems and expanded customer adoption. It also validates the company’s dual-platform approach and its mission to deliver enterprise-grade quantum solutions. The agreement is a clear vote of confidence in D-Wave’s technology and its role in shaping the future of quantum computing.
For those interested in learning more, the full press release is available at https://ibn.fm/XPNic, and additional information about D-Wave can be found at https://www.dwavequantum.com. The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS.
