US CHIPS Act Boosts Quantum Firms D-Wave and IBM

The U.S. CHIPS Act is providing significant federal funding to quantum‑computing companies. D‑Wave Quantum secured a $100 million intent‑to‑fund agreement under the program, but the company is grappling with an 80.9 % year‑on‑year revenue decline and high stock volatility as it transitions from a niche research model to a national‑infrastructure supplier.

IBM is also benefitting from the CHIPS Act, receiving backing for its quantum and artificial‑intelligence initiatives. Recent U.S. decrees mandate federal agencies to adopt quantum‑secure encryption, creating a pipeline of contracts that could translate into recurring revenue for IBM’s cloud, security and mainframe divisions. The firm reported double‑digit growth in its software segment and a 15 % increase in infrastructure sales, pointing to potential long‑term upside from the policy push.