D-Wave Finalizes Definitive $100 Million CHIPS Act Agreement with U.S. Department of Commerce - Quantum Computing Report

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D-Wave Finalizes Definitive $100 Million CHIPS Act Agreement with U.S. Department of Commerce

Dual-platform quantum hardware vendor D-Wave Quantum Inc. (NASDAQ: QBTS) has executed a definitive agreement with the U.S. Department of Commerce for up to $100 million in federal research and development funding under the CHIPS and Science Act. Following the execution of a initial Letter of Intent, the finalized award provides direct capital to accelerate hardware scaling across both superconducting quantum annealing and gate-model processing architectures while expanding domestic fabrication and supply chain capabilities.