D-Wave Quantum Inc. has signed a Letter of Intent with the U.S. Department of Commerce for up to $100 million in funding under the CHIPS and Science Act, aimed at accelerating the development of advanced quantum computing technologies and strengthening U.S. leadership in the sector.
Under the proposed arrangement, the funding would support D-Wave’s superconducting annealing and gate-model quantum computing programs, including expansion of research and development activities across its facilities in the United States and Canada. In connection with the agreement, the U.S. government would also receive an equity stake in the company through the issuance of common stock.
The CHIPS and Science Act initiative is designed to reinforce domestic technology supply chains and promote national security by investing in next-generation computing and advanced manufacturing capabilities. Officials said quantum computing has potential applications across defense, materials science, energy systems, financial modeling, and pharmaceutical research.
D-Wave stated that the funding would help accelerate progress toward large-scale quantum systems, including a long-term roadmap featuring a 100,000-qubit annealing system and a 10,000-qubit gate-model system. The company said its annealing technology is already commercially available, while its gate-model platform remains under development toward future commercial deployment.
U.S. Commerce Department representatives described the investment as part of broader efforts to strengthen domestic innovation and ensure technological resilience in critical industries. The company added that the initiative could help expand domestic manufacturing capacity and support a full ecosystem for quantum hardware development.
The agreement remains subject to final documentation and fulfillment of conditions before any funding is disbursed.
