D-Wave Quantum has signed a Letter of Intent (LOI) with the US Department of Commerce for proposed funding of US$100 million under the CHIPS and Science Act – a move designed to accelerate domestic quantum computing development and strengthen US technology leadership.<\/p>\n\n\n\n
Under the proposed agreement, D-Wave would receive funding to advance its superconducting annealing and gate-model quantum computing technologies. In return, the Department of Commerce would receive an equity stake through the issuance of US$100 million in D-Wave common stock.<\/p>\n\n\n\n
The funding would support research and development activities at D-Wave facilities in Boca Raton, Florida, New Haven, Connecticut and Burnaby, Canada. The company said the investment would help accelerate fabrication processes, expand quantum innovation and strengthen domestic technology supply chains.<\/p>\n\n\n\n
Dr Alan Baratz, CEO, D-Wave, described the proposed award as a transformative opportunity for both the company and the wider quantum computing sector. He said the funding would help scale innovation and deliver practical quantum applications to customers worldwide.<\/p>\n\n\n\n
US Secretary of Commerce Howard Lutnick said the investment reflected the administration\u2019s commitment to advancing American innovation, creating skilled jobs and strengthening national quantum capabilities.<\/p>\n\n\n\n
If final award documents are completed, D-Wave plans to accelerate development of a 100,000-qubit annealing quantum computer and a 10,000-qubit gate-model system. The company said these next-generation platforms could support applications including optimisation, materials simulation, blockchain, quantum chemistry, artificial intelligence, financial modelling and energy systems.<\/p>\n\n\n\n
The proposed award remains subject to negotiation and execution of definitive funding agreements between both parties.<\/p>\n","protected":false},"excerpt":{"rendered":"
D-Wave Quantum has signed a Letter of Intent (LOI) with the US Department of Commerce for proposed funding of US$100 million under the CHIPS and Science Act – a move designed to accelerate domestic quantum computing development and strengthen US technology leadership. Under the proposed agreement, D-Wave would receive funding to advance its superconducting annealing […]<\/p>\n","protected":false},"author":58,"featured_media":53460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,7179,43],"tags":[12025,12022,153,12020,6456,12021,12027,2264,12026,6750,5212,12024,12023,4755,10141],"class_list":["post-53459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","category-quantum","category-top-stories","tag-alan-baratz","tag-annealing-quantum-computer","tag-artificial-intelligence","tag-chips-and-science-act","tag-d-wave","tag-gate-model-quantum-computer","tag-howard-lutnick","tag-quantum-computing","tag-quantum-leadership","tag-quantum-research","tag-quantum-technology","tag-semiconductor-investment","tag-superconducting-quantum-computing","tag-us-department-of-commerce","tag-us-innovation"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/53459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/comments?post=53459"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/53459\/revisions"}],"predecessor-version":[{"id":53461,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/53459\/revisions\/53461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media\/53460"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media?parent=53459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/categories?post=53459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/tags?post=53459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}