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 arrives at a critical juncture for the quantum industry, where breakthroughs in research must be matched by the ability to scale, commercialize, and manufacture advanced technologies. D-Wave, the only dual-platform quantum computing company offering both annealing and gate-model systems, software, and services, is positioned to leverage this support to expand domestic quantum capabilities, strengthen the underlying supply chain, and bring increasingly powerful quantum systems to market.
Dr. Alan Baratz, CEO of D-Wave, expressed gratitude for the award, stating, “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.”
The implications of this agreement extend beyond D-Wave. It signals a broader federal strategy to secure U.S. competitiveness in a field with far-reaching economic and national security implications. Quantum computing promises to revolutionize sectors such as logistics, drug discovery, finance, and materials science by solving complex problems beyond the reach of classical computers. By investing in domestic capabilities, the U.S. aims to reduce reliance on foreign supply chains and maintain a technological edge over global competitors.
D-Wave’s unique dual-platform approach—spanning both annealing and gate-model quantum computing—positions it as a key player in the quantum ecosystem. Its systems are available on-premises and via its Leap quantum cloud service, which boasts 99.9% availability and uptime. More than 100 organizations across commercial, government, and research sectors already trust D-Wave to address complex computational challenges. This funding will enable the company to further develop its technology and expand its reach.
The agreement also highlights the role of the CHIPS and Science Act in fostering innovation. By providing direct financial support to a leading quantum firm, the government is not only aiding a single company but also catalyzing the entire domestic quantum supply chain. This could lead to job creation, infrastructure development, and a more robust ecosystem for quantum technologies.
For investors and industry observers, the finalized agreement removes uncertainty and solidifies D-Wave’s financial position. It also serves as a validation of the company’s technology and business model. As quantum computing moves from the laboratory to real-world applications, D-Wave’s ability to scale and commercialize its systems will be crucial. The funding provides the resources needed to accelerate that transition.
For more details, the full press release can be accessed at https://ibn.fm/XPNic. Additional information about D-Wave is available at https://www.dwavequantum.com. The latest news and updates relating to QBTS can be found at https://ibn.fm/QBTS.
