D-Wave Finalizes Definitive $100 Million CHIPS Act Agreement with U.S. Department of Commerce
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As a condition for the disbursement of resources, the Department of Commerce will receive a minority shareholder participation and without control power in D-Wav
D-Wave Finalizes Definitive $100 Million CHIPS Act Agreement with U.S. Department of Commerce
D-Wave Quantum Inc. has finalized a $100 million CHIPS Act agreement with the U.S. Department of Commerce. This funding will accelerate hardware development for both superconducting quantum annealing and gate-model architectures, aiming for a 100,000-qubit system and a 10,000-physical-qubit QPU, respectively. In exchange for the funding, the U.S. Department of Commerce will receive a minority equity stake in D-Wave.
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
CHIPS and Science Act funding to advance R&D for the company’s superconducting annealing and gate-model technology developmentPALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NASDAQ: QBTS) (“D-Wave” or the “Company”), the only dual-platfor...
D-Wave secured an agreement of up to $100 million with the U.S. Department of Commerce to accelerate the development of quantum systems of 100,000 and 10,000 qubits, although the equity structure of the agreement opens a debate on the possible dilution of its investors.
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