Curated News
By: NewsRamp Editorial Staff
September 11, 2026
D-Wave Secures $100M CHIPS Act Funding for Quantum Computing
TLDR
- D-Wave secures up to $100 million in CHIPS Act funding, boosting its dual-platform quantum computing advantage over rivals.
- D-Wave's definitive agreement with the U.S. Department of Commerce provides access to $100 million for scaling quantum systems and supply chain.
- D-Wave's funding advances domestic quantum capabilities, promising societal benefits through breakthrough research and powerful computing solutions.
- D-Wave, the only dual-platform quantum computing company, gains $100 million from the CHIPS and Science Act to accelerate innovation.
Impact - Why it Matters
This funding matters because it signals strong government backing for quantum computing, a technology poised to revolutionize industries from logistics to drug discovery. By investing in D-Wave, the U.S. aims to accelerate commercialization and manufacturing of quantum systems, which could lead to faster breakthroughs and a more resilient domestic supply chain. For investors, it validates D-Wave's dual-platform approach and growth potential, while for the broader tech sector, it highlights the critical role of quantum in maintaining national competitiveness. As quantum computing moves from lab to market, this award could catalyze further innovation and adoption, ultimately impacting how businesses solve complex problems and create value.
Summary
D-Wave Quantum Inc. (NASDAQ: QBTS), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, has signed a definitive agreement with the U.S. Department of Commerce, securing access to up to $100 million in U.S. CHIPS and Science Act funding. This follows the previously announced Letter of Intent, marking a significant milestone for the company and the U.S. quantum computing sector. Dr. Alan Baratz, CEO of D-Wave, expressed gratitude for the award, emphasizing that U.S. quantum leadership requires not only breakthrough research but also the ability to scale, commercialize, and manufacture these technologies. He noted that the award will help expand domestic quantum capabilities, strengthen the supply chain, and bring increasingly powerful quantum systems to market.
D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. It is the world’s first commercial supplier of quantum computers and the first and only to offer dual-platform quantum computing products and services, spanning both annealing and gate-model technologies. The company’s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its LeapTM quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations across commercial, government, and research sectors trust D-Wave to address complex computational challenges. This funding will support D-Wave’s efforts to advance quantum innovation and maintain U.S. competitiveness in the global quantum race.
Investors and industry watchers can find more details in the full press release available at https://ibn.fm/XPNic. The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS. The announcement underscores the growing role of quantum computing in national strategy and the importance of public-private partnerships in driving technological leadership.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, D-Wave Secures $100M CHIPS Act Funding for Quantum Computing
