$QBTS (D-WAVE QUANTUM) — 8-K: D-Wave finalizes CHIPS Act deal for up to $100 million in U.S. funding

D-Wave Quantum Inc. executed a definitive agreement with the U.S. Department of Commerce providing access to up to $100 million of CHIPS and Science Act funding. The award is expected to accelerate R&D for next-generation annealing and gate-model quantum systems, including a 100,000-qubit annealing system and a 10,000-qubit gate-model system targeting 100 logical qubits. The Department of Commerce will receive a minority, non-controlling equity stake in D-Wave as a condition for receiving the funds.

D-Wave Quantum Inc. executed a definitive agreement with the U.S. Department of Commerce providing access to up to $100 million of CHIPS and Science Act funding. The award is expected to accelerate R&