D-Wave Quantum Inc. (NASDAQ: QBTS) announced on September 14, 2026, that it 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 follows a previously announced Letter of Intent and marks a significant step in the federal government’s efforts to maintain American competitiveness in quantum computing.
The funding will enable D-Wave 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 both near-term commercial applications and long-term fault-tolerant quantum computing.
“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 federal commitment to quantum computing as a strategic technology, akin to semiconductors and artificial intelligence. By investing in domestic quantum capabilities, the U.S. aims to reduce reliance on foreign supply chains and ensure that critical quantum technologies are developed and manufactured on American soil. This aligns with the goals of the CHIPS and Science Act, which seeks to bolster U.S. leadership in emerging technologies.
For D-Wave, the funding provides capital to accelerate its product roadmap and commercial expansion. The company’s Leap quantum cloud service, which boasts 99.9% availability, already serves more than 100 organizations across commercial, government, and research sectors. With this new funding, D-Wave can further develop its annealing and gate-model systems, potentially unlocking new applications in optimization, machine learning, and materials science.
Investors and industry observers should note that this agreement underscores the growing recognition of quantum computing as a pillar of national security and economic competitiveness. It also validates D-Wave’s dual-platform strategy, which differentiates it from competitors focused solely on gate-model systems. As quantum computing moves from research labs to real-world applications, D-Wave’s ability to deliver enterprise-grade systems today could give it a first-mover advantage.
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.
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