D-Wave Quantum Inc. (NASDAQ: QBTS), a Los Angeles-based quantum computing company, announced on September 14, 2026, that it has executed a definitive agreement with the U.S. Department of Commerce to receive up to $100 million in funding under the U.S. CHIPS and Science Act. This agreement follows a previously announced Letter of Intent and marks a significant step in the federal government's efforts to maintain American leadership in quantum computing.
The funding will enable D-Wave to expand domestic quantum capabilities, strengthen the underlying supply chain, and bring increasingly powerful quantum systems to market. As the only dual-platform quantum computing company providing both annealing and gate-model systems, software, and services, D-Wave is uniquely positioned to drive innovation in the sector.
"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 by expanding domestic quantum capabilities, strengthening the underlying supply chain and bringing increasingly powerful quantum systems to market."
The implications of this award extend beyond D-Wave. Quantum computing has the potential to revolutionize industries such as logistics, pharmaceuticals, finance, and materials science by solving complex problems that are intractable for classical computers. By investing in domestic quantum capabilities, the U.S. government aims to ensure that the nation remains at the forefront of this critical technology, which has significant national security and economic competitiveness implications.
D-Wave's technology is already being used by more than 100 organizations across commercial, government, and research sectors. Its Leap quantum cloud service offers 99.9% availability and uptime, making quantum computing accessible to a wide range of users. The company's dual-platform approach allows customers to choose between annealing and gate-model systems, depending on their specific needs.
For the Long Beach and surrounding areas, this development could spur local economic growth as D-Wave expands its operations and supply chain. The company may create new jobs in engineering, manufacturing, and research, and attract additional investment in the region's technology ecosystem. Furthermore, the increased focus on quantum computing could lead to partnerships with local universities and research institutions, fostering innovation and workforce development.
To view the full press release, visit https://ibn.fm/XPNic. For more information about D-Wave and its quantum computing solutions, visit https://www.dwavequantum.com. The latest news and updates relating to QBTS are available in the company's newsroom at https://ibn.fm/QBTS.
This funding agreement underscores the U.S. government's commitment to advancing quantum computing and ensuring that American companies lead in this transformative field. As D-Wave continues to innovate and scale, its impact on the industry and the broader economy is expected to grow, making this a development worth watching for businesses and investors alike.
