D-Wave Secures $100 Million U.S. Funding Intent for 100,000-Qubit Quantum System
Updated
Updated · Signal Magazine · May 21
D-Wave Secures $100 Million U.S. Funding Intent for 100,000-Qubit Quantum System
9 articles · Updated · Signal Magazine · May 21
$100 million in proposed Commerce Department funding would back D-Wave’s quantum-computing expansion under a newly signed letter of intent tied to the CHIPS and Science Act.
D-Wave said it would issue $100 million in common stock to the department, with the award still contingent on definitive funding documents being executed.
The money is aimed at accelerating two platforms: a 100,000-qubit annealing system and a gate-model machine with 10,000 physical qubits enabling 100 logical qubits.
Those systems are intended to support optimization, quantum chemistry and quantum AI applications, aligning the U.S. push to strengthen domestic leadership in emerging technologies.
How will government equity stakes reshape the global race for quantum supremacy?
Could this investment lead to a quantum computer that breaks all current encryption?
D-Wave Secures $100 Million CHIPS Act Investment: Accelerating U.S. Quantum Computing Leadership and Workforce
Overview
D-Wave Quantum Inc. recently secured a Letter of Intent for $100 million in proposed funding under the U.S. CHIPS and Science Act, which was approved by Congress in 2022 to provide up to $52 billion for boosting domestic semiconductor manufacturing. This funding, announced on May 21, 2026, is not yet finalized and depends on the execution of definitive award documents by all parties. If completed, the investment will help D-Wave advance its quantum computing technologies, supporting both national innovation and economic growth, while also aligning with the Act’s goal of strengthening U.S. technological leadership.