D-Wave Secures Second Year Funding for SQFab Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 35 minutes ago
0mins
Source: Newsfilter
- Funding Continuation: D-Wave Quantum Inc. has secured second-year funding from the Northeast Regional Defense Technology Hub (NORDTECH) to support its research in scalable superconducting qubit fabrication, demonstrating the company's ongoing innovation in quantum computing.
- Significant Funding Amount: The funding provides over $25 million for the SQFab project, aimed at improving materials for superconducting qubits, thereby enhancing the competitiveness of U.S. microelectronics technology in alignment with both national security and commercial applications.
- Strengthened Industry Collaboration: D-Wave is collaborating with various industry, academic, and government partners to advance the project, aiming to accelerate the manufacturing and scalability of superconducting qubits by establishing core infrastructure that stabilizes the domestic semiconductor supply chain.
- Promising Technological Innovations: The successful implementation of the SQFab project will lay the groundwork for scalable quantum error correction technologies, leveraging new materials and innovative circuit designs to promote the widespread application of quantum computing technologies, thereby bolstering U.S. leadership in critical technology sectors.
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Analyst Views on QBTS
Wall Street analysts forecast QBTS stock price to rise
13 Analyst Rating
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 25.740
Low
35.00
Averages
40.67
High
48.00
Current: 25.740
Low
35.00
Averages
40.67
High
48.00
About QBTS
D-Wave Quantum Inc. is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services. The Company builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The Company's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. It also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. It offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
D-Wave Secures Second Year Funding for SQFab Project
- Funding Continuation: D-Wave Quantum Inc. has secured second-year funding from the Northeast Regional Defense Technology Hub (NORDTECH) to support its research in scalable superconducting qubit fabrication, demonstrating the company's ongoing innovation in quantum computing.
- Significant Funding Amount: The funding provides over $25 million for the SQFab project, aimed at improving materials for superconducting qubits, thereby enhancing the competitiveness of U.S. microelectronics technology in alignment with both national security and commercial applications.
- Strengthened Industry Collaboration: D-Wave is collaborating with various industry, academic, and government partners to advance the project, aiming to accelerate the manufacturing and scalability of superconducting qubits by establishing core infrastructure that stabilizes the domestic semiconductor supply chain.
- Promising Technological Innovations: The successful implementation of the SQFab project will lay the groundwork for scalable quantum error correction technologies, leveraging new materials and innovative circuit designs to promote the widespread application of quantum computing technologies, thereby bolstering U.S. leadership in critical technology sectors.
See More
D-Wave Quantum Secures U.S. Funding for Quantum Computing Project
- Project Funding: D-Wave's subsidiary Quantum Circuits has received second-year funding for a U.S.-backed quantum computing project aimed at improving materials for superconducting qubits through scalable fabrication methods, highlighting the significance of quantum computing in microelectronics innovation.
- Funding Scale: The SQFab project is one of four selected by the U.S. Department of Defense through NORDTECH, collectively receiving over $25 million in second-year funding after demonstrating significant results in the design, fabrication, and characterization of key quantum computing components.
- Industry Collaboration: D-Wave CEO Alan Baratz noted that this award reflects the growing importance of quantum computing in advancing U.S. microelectronics innovation, with D-Wave collaborating with leading partners in the region to accelerate the development of scalable, high-impact quantum technologies.
- National Security Applications: This funding not only supports commercial applications but also emphasizes the potential applications of quantum technology in national security, further solidifying D-Wave's leadership position in the quantum computing sector.
See More
D-Wave Quantum Shares Surge After Record Bookings Growth
- Significant Order Growth: D-Wave's first-quarter bookings surged 1,994% year-over-year to $33.4 million, including a $20 million system sale to Florida Atlantic University, indicating strong demand in the quantum computing market and enhancing future revenue visibility.
- Substantial Performance Obligations Increase: Remaining performance obligations jumped 563% year-over-year to $42.4 million, reflecting increased confidence in future revenue recognition, with a substantial portion expected in the second half of 2026, further solidifying market position.
- Strategic Acquisition Impact: Following the acquisition of Quantum Circuits, D-Wave has positioned itself as the only quantum computing firm with both annealing and gate-model systems, targeting approximately 175 physical qubits by 2028, enhancing its technological competitiveness and market appeal.
- Expansion of Commercial Applications: D-Wave's annealing systems are increasingly applied in AI and blockchain, with a collaboration with Shionogi resulting in a tenfold increase in drug-like molecules, showcasing the technology's potential in real-world applications and boosting investor confidence.
See More
GlobalFoundries Launches Quantum Computing Business Unit with $375 Million Investment
- New Quantum Unit: GlobalFoundries has announced the establishment of its Quantum Technology Solutions business unit, focusing on manufacturing technologies for the quantum computing industry, marking a strategic move into cutting-edge technology.
- Government Investment Support: The company secured a $375 million investment commitment from the U.S. Department of Commerce, which will be used to enhance its manufacturing capabilities for quantum technology, thereby strengthening its competitive position in the rapidly evolving quantum market.
- Significant Stock Surge: Following the announcement of new quantum initiatives and government support, GlobalFoundries' stock surged 20.6% this week, reflecting strong market confidence in its future growth potential.
- Industry Recognition: TD Cowen named GlobalFoundries one of the three biggest winners of the U.S. government's quantum investment push, further solidifying its leading position in the quantum computing space and attracting investor interest.
See More
GlobalFoundries Stock Soars on Quantum Technology News
- Significant Stock Surge: GlobalFoundries' stock price surged by 20.6% this week, contrasting with the S&P 500's 0.9% increase, indicating strong performance in the quantum computing sector that is likely to enhance its market position.
- New Quantum Business Unit: On May 21, the company announced the launch of its Quantum Technology Solutions business unit, focusing on manufacturing technologies for the quantum computing industry, marking a strategic move into cutting-edge technology.
- Government Investment Support: GlobalFoundries secured a $375 million letter of intent from the U.S. Department of Commerce, which will be used to bolster its manufacturing capabilities for quantum technology, further solidifying its competitive edge in the quantum computing market.
- Increased Industry Recognition: TD Cowen named GlobalFoundries one of the three biggest winners of the U.S. government's latest quantum investment push, highlighting its potential in the quantum space and likely attracting more investor interest.
See More
D-Wave Quantum Computing Technology Advances Rapidly
- Technological Breakthrough: D-Wave Quantum's quantum annealing computer has successfully been applied to optimization problems, reducing multi-week manufacturing scheduling tasks to mere hours, significantly lowering costs and showcasing the potential of quantum computing in real-world applications.
- Surge in Orders: The company reported a total of $33.4 million in bookings for Q1 2026, a staggering 1,994% year-over-year increase, including a $20 million order from Florida Atlantic University and a $10 million agreement with a Fortune 100 company, indicating strong market demand for quantum computing products.
- Optimistic Market Outlook: As quantum computing technology continues to evolve, D-Wave and its peers are likely to benefit from the growing interest in the market, although investors should approach this high-risk sector with caution.
- Investment Strategy Advice: Given the uncertainties surrounding D-Wave's future, investors are advised to maintain moderate exposure to tech stocks or consider quantum exchange-traded funds that include D-Wave to capitalize on the gradual maturation of the technology.
See More
D-Wave Secures Second Year Funding for SQFab Project
- Funding Continuation: D-Wave Quantum Inc. has secured second-year funding from the Northeast Regional Defense Technology Hub (NORDTECH) to support its research in scalable superconducting qubit fabrication, demonstrating the company's ongoing innovation in quantum computing.
- Significant Funding Amount: The funding provides over $25 million for the SQFab project, aimed at improving materials for superconducting qubits, thereby enhancing the competitiveness of U.S. microelectronics technology in alignment with both national security and commercial applications.
- Strengthened Industry Collaboration: D-Wave is collaborating with various industry, academic, and government partners to advance the project, aiming to accelerate the manufacturing and scalability of superconducting qubits by establishing core infrastructure that stabilizes the domestic semiconductor supply chain.
- Promising Technological Innovations: The successful implementation of the SQFab project will lay the groundwork for scalable quantum error correction technologies, leveraging new materials and innovative circuit designs to promote the widespread application of quantum computing technologies, thereby bolstering U.S. leadership in critical technology sectors.
See More
D-Wave Quantum Secures U.S. Funding for Quantum Computing Project
- Project Funding: D-Wave's subsidiary Quantum Circuits has received second-year funding for a U.S.-backed quantum computing project aimed at improving materials for superconducting qubits through scalable fabrication methods, highlighting the significance of quantum computing in microelectronics innovation.
- Funding Scale: The SQFab project is one of four selected by the U.S. Department of Defense through NORDTECH, collectively receiving over $25 million in second-year funding after demonstrating significant results in the design, fabrication, and characterization of key quantum computing components.
- Industry Collaboration: D-Wave CEO Alan Baratz noted that this award reflects the growing importance of quantum computing in advancing U.S. microelectronics innovation, with D-Wave collaborating with leading partners in the region to accelerate the development of scalable, high-impact quantum technologies.
- National Security Applications: This funding not only supports commercial applications but also emphasizes the potential applications of quantum technology in national security, further solidifying D-Wave's leadership position in the quantum computing sector.
See More
D-Wave Quantum Shares Surge After Record Bookings Growth
- Significant Order Growth: D-Wave's first-quarter bookings surged 1,994% year-over-year to $33.4 million, including a $20 million system sale to Florida Atlantic University, indicating strong demand in the quantum computing market and enhancing future revenue visibility.
- Substantial Performance Obligations Increase: Remaining performance obligations jumped 563% year-over-year to $42.4 million, reflecting increased confidence in future revenue recognition, with a substantial portion expected in the second half of 2026, further solidifying market position.
- Strategic Acquisition Impact: Following the acquisition of Quantum Circuits, D-Wave has positioned itself as the only quantum computing firm with both annealing and gate-model systems, targeting approximately 175 physical qubits by 2028, enhancing its technological competitiveness and market appeal.
- Expansion of Commercial Applications: D-Wave's annealing systems are increasingly applied in AI and blockchain, with a collaboration with Shionogi resulting in a tenfold increase in drug-like molecules, showcasing the technology's potential in real-world applications and boosting investor confidence.
See More
GlobalFoundries Launches Quantum Computing Business Unit with $375 Million Investment
- New Quantum Unit: GlobalFoundries has announced the establishment of its Quantum Technology Solutions business unit, focusing on manufacturing technologies for the quantum computing industry, marking a strategic move into cutting-edge technology.
- Government Investment Support: The company secured a $375 million investment commitment from the U.S. Department of Commerce, which will be used to enhance its manufacturing capabilities for quantum technology, thereby strengthening its competitive position in the rapidly evolving quantum market.
- Significant Stock Surge: Following the announcement of new quantum initiatives and government support, GlobalFoundries' stock surged 20.6% this week, reflecting strong market confidence in its future growth potential.
- Industry Recognition: TD Cowen named GlobalFoundries one of the three biggest winners of the U.S. government's quantum investment push, further solidifying its leading position in the quantum computing space and attracting investor interest.
See More
GlobalFoundries Stock Soars on Quantum Technology News
- Significant Stock Surge: GlobalFoundries' stock price surged by 20.6% this week, contrasting with the S&P 500's 0.9% increase, indicating strong performance in the quantum computing sector that is likely to enhance its market position.
- New Quantum Business Unit: On May 21, the company announced the launch of its Quantum Technology Solutions business unit, focusing on manufacturing technologies for the quantum computing industry, marking a strategic move into cutting-edge technology.
- Government Investment Support: GlobalFoundries secured a $375 million letter of intent from the U.S. Department of Commerce, which will be used to bolster its manufacturing capabilities for quantum technology, further solidifying its competitive edge in the quantum computing market.
- Increased Industry Recognition: TD Cowen named GlobalFoundries one of the three biggest winners of the U.S. government's latest quantum investment push, highlighting its potential in the quantum space and likely attracting more investor interest.
See More
D-Wave Quantum Computing Technology Advances Rapidly
- Technological Breakthrough: D-Wave Quantum's quantum annealing computer has successfully been applied to optimization problems, reducing multi-week manufacturing scheduling tasks to mere hours, significantly lowering costs and showcasing the potential of quantum computing in real-world applications.
- Surge in Orders: The company reported a total of $33.4 million in bookings for Q1 2026, a staggering 1,994% year-over-year increase, including a $20 million order from Florida Atlantic University and a $10 million agreement with a Fortune 100 company, indicating strong market demand for quantum computing products.
- Optimistic Market Outlook: As quantum computing technology continues to evolve, D-Wave and its peers are likely to benefit from the growing interest in the market, although investors should approach this high-risk sector with caution.
- Investment Strategy Advice: Given the uncertainties surrounding D-Wave's future, investors are advised to maintain moderate exposure to tech stocks or consider quantum exchange-traded funds that include D-Wave to capitalize on the gradual maturation of the technology.
See More
