Quantum computing company D-Wave has reached a $100 million funding agreement with the U.S. Department of Commerce under the CHIPS Act, according to Techub, which cited Crypto Briefing. The agreement is intended to support the development of quantum computing technology. The report also said the deal highlights the strategic importance of quantum technology in national security. No additional terms of the funding agreement were disclosed in the source brief. The update was published by Techub as a policy and regulation item.
D-Wave has entered into a $100 million funding agreement with the U.S. Department of Commerce under the CHIPS Act, according to Techub, citing Crypto Briefing.
The agreement is aimed at supporting the development of quantum computing technology. The report said the deal also highlights the strategic importance of quantum technology in national security.
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