D-Wave Quantum Inc. (NASDAQ: QBTS) announced on [date] that it had executed a definitive agreement with the U.S. Department of Commerce giving 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 represents a significant step in federal efforts to strengthen the United States’ domestic quantum computing capabilities.

The funding is intended to support D-Wave’s research, development and commercialization initiatives. These efforts include expanding domestic quantum capabilities, strengthening the underlying supply chain and bringing increasingly powerful quantum systems to market. D-Wave describes itself as the only dual-platform quantum computing company offering both annealing and gate-model systems, along with related software and services.

“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.”

The agreement reflects the growing recognition of quantum computing as a critical technology for national security and economic competitiveness. By providing federal funding to a leading quantum computing company, the U.S. government aims to help keep the country at the forefront of a field that promises to transform industries ranging from pharmaceuticals to finance. Enacted in 2022, the CHIPS and Science Act allocates billions of dollars to strengthen U.S. semiconductor manufacturing and advanced technology research, including quantum information science.

For D-Wave, the funding would provide a substantial financial boost for scaling operations and commercializing its quantum systems. The company’s dual-platform strategy spans annealing and gate-model quantum computing, allowing it to address a broad range of computational problems. Its Leap quantum cloud service, which reports 99.9% availability, serves more than 100 organizations across the commercial, government and research sectors. The new funding could support the development of more powerful quantum processors and broaden access to quantum computing resources.

The announcement also highlights the role of public-private partnerships in advancing emerging technologies. Global competition in quantum computing is intensifying, with countries such as China investing heavily in the field. Against that backdrop, U.S. support for D-Wave signals a strategic commitment to maintaining technological leadership. The funding may also contribute to job creation in the quantum sector and help develop a domestic supply chain for quantum components, potentially reducing reliance on foreign sources.

The award remains subject to risks and uncertainties. Access to the full amount is contingent on the agreement’s requirements rather than being an immediate, unconditional payment. According to the press release, these requirements and risks include the possibility that the Department will terminate the award agreement, D-Wave’s inability to meet disbursement conditions such as project milestones, the availability of appropriated funds and potential dilution of existing stockholders resulting from the issuance of shares to the Department. D-Wave’s management also cautions that forward-looking statements are not guarantees of future performance.

Investors and industry observers will be monitoring how D-Wave uses any disbursed funding, whether it meets the relevant project milestones and whether the federal support translates into measurable advances in quantum computing. The agreement places D-Wave among the companies involved in the U.S. government’s strategy to advance quantum innovation, with potential implications for national security, economic growth and technological leadership.

The full press release is available at and D-Wave’s newsroom can be accessed at The company’s website is