# D-Wave Quantum The oldest quantum computing company (founded 1999, Burnaby BC; NYSE: QBTS), long controversial for selling quantum *annealers* — special-purpose optimization machines — while the field debated whether they deliver real quantum speedup. Now also building gate-model systems. Signed a formal CHIPS/Commerce letter of intent for $100M in the May 2026 federal package, issuing $100M in common stock to the Department of Commerce — the clearest case of the US government becoming a quantum shareholder. > Status: stub — expand with the annealing-vs-gate-model controversy, the Commerce equity deal, and bubble-metrics context (P/S ~791 as of May 2026). ## See Also - [[Quantum Computing Sector]] - [[CHIPS and Science Act]]