D-Wave gains access to up to USD 100 million in US CHIPS Act funding under Commerce agreement
QBTS•CHIPS Act funding agreement
D-Wave Quantum finalized a definitive agreement with the US Department of Commerce for up to USD 100 million in CHIPS Act funding.
The funds target research and development to scale its annealing and gate-model quantum systems, including next-generation machines.
As a condition of the award, Commerce will take a minority, non-controlling equity stake.
