D-Wave Quantum Inc. (QBTS) announced it has been awarded second-year funding for its "Improved Materials for Superconducting Qubits with Scalable Fabrication" (SQFab) project from the Northeast Regional Defense Technology Hub (NORDTECH).

Key Details

  • Award Details: The funding was awarded to D-Wave's subsidiary, Quantum Circuits, LLC, as part of the U.S. Department of War's Microelectronics Commons initiative.
  • Financials: The SQFab project is one of four programs collectively receiving over $25 million in second-year funding after meeting key first-year benchmarks. The specific amount for D-Wave was not disclosed.
  • Project Goal: The initiative aims to improve materials for superconducting qubits and develop scalable fabrication methods to advance next-generation U.S. microelectronics capabilities for both commercial and national security applications.