D-Wave Secures Up to $100 Million in U.S. CHIPS Act Funding to Bolster Quantum Computing Leadership

D-Wave Quantum Inc. (NASDAQ: QBTS) has executed a definitive agreement with the U.S. Department of Commerce, securing 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 represents a significant federal investment in quantum computing, a technology poised to revolutionize industries from logistics to drug discovery.

The funding will support D-Wave’s efforts to expand domestic quantum capabilities, strengthen the underlying supply chain, and bring increasingly powerful quantum systems to market. As the only dual-platform quantum computing company offering both annealing and gate-model systems, software, and services, D-Wave is uniquely positioned to advance U.S. leadership in this critical field.

“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 implications of this award extend beyond D-Wave. It signals a broader national strategy to secure U.S. competitiveness in quantum computing, a domain with far-reaching economic and national security implications. Quantum computers can solve certain problems exponentially faster than classical computers, offering potential breakthroughs in materials science, cryptography, and artificial intelligence. However, the industry faces challenges in scaling hardware, developing software ecosystems, and building a skilled workforce. Federal support through the CHIPS Act aims to address these hurdles by de-risking private investment and fostering a domestic quantum supply chain.

D-Wave’s technology is already in use by more than 100 organizations across commercial, government, and research sectors. Its Leap quantum cloud service provides 99.9% availability and uptime, enabling real-time access to quantum processing. The new funding will likely accelerate the company’s roadmap for both annealing and gate-model systems, which serve different computational needs. Annealing systems are optimized for optimization problems, while gate-model systems are more general-purpose and akin to traditional quantum computing architectures.

For investors, the definitive agreement reduces uncertainty around the previously announced Letter of Intent and underscores D-Wave’s strategic importance to U.S. technology policy. The company’s shares, traded on NASDAQ under QBTS, may see increased attention as the funding enables expansion and commercialization. The full press release is available at https://ibn.fm/XPNic. More 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.

As quantum computing moves from research labs to commercial deployment, government backing will be crucial in maintaining U.S. technological edge. This award not only bolsters D-Wave but also reinforces the importance of public-private partnerships in emerging technologies. The coming years will reveal whether this investment translates into tangible leadership, but the definitive agreement marks a decisive step toward that goal.