D-Wave Signs LOI for $100M CHIPS Act Funding to Advance Quantum Systems
PALO ALTO, Calif., May 21, 2026 — D-Wave Quantum Inc. today announced that it has signed a Letter of Intent (LOI) for $100 million of proposed funding under the U.S. CHIPS and Science Act, which is administered by the U.S. Department of Commerce. In connection with executing final award documents, D-Wave would issue $100 million in […] The post D-Wave Signs LOI for $100M CHIPS Act Funding to Advance Quantum Systems appeared first on HPCwire .
The US CHIPS and Science Act is actively allocating funds to bolster domestic semiconductor and related advanced computing industries, making this an opportune time for quantum computing companies to secure significant investments.
This funding indicates a strategic national effort to accelerate the development and commercialization of quantum computing, reinforcing the US's position in this critical technological race and diversifying the compute supply chain.
D-Wave receives substantial government backing, potentially accelerating its quantum system development and demonstrating the US government's commitment to fostering a domestic quantum industry.
- · D-Wave Quantum Inc.
- · US quantum computing sector
- · Department of Commerce
D-Wave will use the $100M to advance its quantum computing technology and expand its operational capacity.
Increased government investment in quantum computing could spur further private sector investment and competition within the US.
Accelerated quantum computing development may lead to breakthroughs impacting encryption, materials science, and AI within the coming decade.
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