D-Wave Quantum Finalizes Definitive Agreement with U.S. Department of Commerce for up to $100 Million to Accelerate U.S. Leadership in Quantum Computing
D-Wave Quantum executed a definitive agreement with the U.S. Department of Commerce, giving the company access to up to $100 million in CHIPS and Science Act funding and finalizing the previously announced Letter of Intent. The award funds R&D on next-generation systems, including a 100,000-qubit annealing computer targeting optimization, materials simulation, blockchain and AI workloads, plus a 10,000-qubit gate-model system designed to deliver 100 logical qubits.
Key figures
- Deal Value Usd
- up to $100 million
- Award max usd
- 100000000
- Funding source
- CHIPS and Science Act
- Equity condition
- minority, non-controlling stake to U.S. Department of Commerce
- Logical qubit target
- 100
- Annealing system qubit target
- 100000
- Gate model system qubit target
- 10000
AI analysis
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