D-Wave Quantum Inc. (NASDAQ: QBTS) announced on September 14, 2026, the execution of 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. This follows a previously announced Letter of Intent and marks a significant step in the U.S. government's efforts to bolster domestic quantum computing capabilities.
The funding is intended to accelerate U.S. leadership in quantum computing, a field increasingly seen as critical to national security and economic competitiveness. D-Wave, the only dual-platform quantum computing company offering both annealing and gate-model systems, software, and services, will use the award to expand domestic quantum capabilities, strengthen the supply chain, and bring more powerful quantum systems to market.
Dr. Alan Baratz, CEO of D-Wave, expressed gratitude for the award and highlighted the Administration's recognition that U.S. quantum leadership requires 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," Baratz said.
The agreement underscores the U.S. government's commitment to advancing quantum innovation as part of the CHIPS and Science Act, which aims to boost American competitiveness in semiconductor and advanced computing technologies. For industry leaders, this investment signals growing federal support for quantum computing, which could lead to accelerated adoption across commercial, government, and research sectors.
D-Wave's quantum systems are available on-premises and via its Leap quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations trust D-Wave to address complex computational challenges using quantum computing. The company's dual-platform approach positions it uniquely to serve a range of use cases, from optimization problems to gate-model-based algorithms.
This funding could have far-reaching implications. It may spur further private investment in quantum technologies, create new jobs in the quantum sector, and enhance U.S. technological sovereignty. For businesses, it means increased access to advanced quantum computing resources and potential breakthroughs in fields such as logistics, drug discovery, and financial modeling. The global quantum race is intensifying, and this move by the U.S. government aims to ensure the nation remains at the forefront.
For more details, the full press release is available at https://ibn.fm/XPNic. To learn more 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.
As quantum computing continues to evolve, this partnership between D-Wave and the U.S. Department of Commerce could serve as a catalyst for broader government-industry collaborations, driving innovation and maintaining U.S. leadership in a critical emerging technology.
