$100 million in proposed CHIPS and Science Act funding would back D-Wave’s quantum scale-up, but the award remains contingent on final Commerce Department documents.
The deal would require D-Wave to issue $100 million in common stock to the U.S. government, giving Commerce an equity stake if the award is finalized.
D-Wave said the money would accelerate its annealing and gate-model programs, including targets for a 100,000-qubit annealing system and a 10,000-qubit gate-model machine.
Work funded under the proposal would span D-Wave’s planned Boca Raton R&D site and existing centers in Connecticut and British Columbia as Washington pushes domestic quantum manufacturing and supply-chain capacity.
The company, which serves more than 100 customers, framed the LOI as part of a broader U.S. effort to tie quantum computing to AI, materials, security and high-skilled job growth.
With the U.S. government now a shareholder, what happens if D-Wave's high-risk quantum bets fail to pay off?
D-Wave is pursuing two different quantum paths. Is this $100M a bet on both or a race to see which one wins?
D-Wave Secures $100 Million U.S. Government Investment: Strategic Implications for Quantum Computing Leadership
Overview
In May 2026, D-Wave Quantum Inc. secured a US$100 million investment from the U.S. government under the CHIPS and Science Act, marking a pivotal moment for the company. This deal is part of a broader Department of Commerce initiative to fund seven leading quantum companies, targeting major engineering challenges across different quantum technologies. The investment, structured as a significant equity stake, signals strong governmental support and aligns D-Wave with national strategic interests. As a result, D-Wave is positioned to accelerate its quantum advancements and play a key role in the future of American quantum technology leadership.