D-Wave Quantum Inc. (NASDAQ: QBTS), the only dual-platform quantum computing company offering both annealing and gate-model systems, has executed a definitive agreement with the U.S. Department of Commerce for 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 grants D-Wave access to the funds to accelerate U.S. leadership in quantum computing.
The funding is significant because it signals strong federal support for quantum computing as a critical technology for national competitiveness. It also highlights the government's recognition that maintaining U.S. leadership requires not just research but also the ability to scale, commercialize, and manufacture quantum technologies domestically. For D-Wave, the award provides resources to expand its domestic capabilities, strengthen the underlying supply chain, and bring more powerful quantum systems to market.
“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 extend beyond D-Wave. The investment reflects a broader national strategy to secure a competitive edge in quantum computing, a field with potential applications in logistics, drug discovery, finance, and artificial intelligence. By bolstering domestic manufacturing and supply chains, the funding aims to reduce reliance on foreign components and ensure that the U.S. remains at the forefront of this transformative technology.
D-Wave is uniquely positioned as the world’s first commercial supplier of quantum computers and the only company offering both annealing and gate-model systems. Its Leap quantum cloud service provides 99.9% availability and uptime, and more than 100 organizations across commercial, government, and research sectors trust D-Wave to tackle complex computational challenges. The new funding will likely accelerate the company’s ability to deliver enterprise-grade quantum solutions and maintain its competitive edge.
For investors and industry observers, the agreement validates D-Wave’s technology and business model, and it may spur further public and private investment in quantum computing. It also sets a precedent for government support of other emerging technologies deemed essential to national security and economic prosperity. As quantum computing moves from research labs to real-world applications, the U.S. government’s backing of D-Wave could help ensure that the country captures the economic and strategic benefits of this next wave of computing.
To view the full press release, visit https://ibn.fm/XPNic. For more information about D-Wave, visit https://www.dwavequantum.com. The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS.
