D-Wave Quantum signs $100M CHIPS Act funding LOI with U.S. Department of Commerce

D-Wave Quantum secured a Letter of Intent for $100 million in CHIPS and Science Act funding to advance its quantum computing technologies, with the U.S. government obtaining an equity stake via $100 million in common stock issuance. The strategic investment aims to accelerate development of the company's annealing and gate-model quantum systems and strengthen U.S. quantum computing leadership.