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Will US$100 Million CHIPS Act Stake and Defense Backing Change D-Wave Quantum's (QBTS) Narrative
D-Wave Quantum recently announced that it received second-year funding for its SQFab superconducting qubit materials project through the NORDTECH defense technology hub and signed a letter of intent for a US$100,000,000 equity investment from the U.S. Department of Commerce under the Microelectronics Commons and CHIPS Act initiatives.
This combination of direct federal ownership and ongoing defense-backed R&D support underlines D-Wave’s role in bridging quantum research, scalable...