D-Wave Quantum Inc. announced an agreement to acquire Quantum Circuits Inc.
The acquisition aims to establish the world's leading quantum computing company
The merger will combine D-Wave's annealing quantum computing expertise with Quantum Circuits' error-corrected gate-model technology
Merger Agreement
D-Wave to acquire Quantum Circuits for $550 million, enhancing gate-model quantum computing efforts
Technological Advancements
Combining D-Wave's control of superconducting processors with Quantum Circuits' error-corrected technology to expedite quantum computer development
Industry Impact
Expectations of accelerated commercial gate-model product roadmap and expanded use cases in quantum computing
- The acquisition is set to accelerate the delivery of error-corrected, scaled gate-model quantum computing
- D-Wave and Quantum Circuits combine expertise to address a wider array of computational problems in the quantum computing field
The acquisition solidifies D-Wave's position as a leader in superconducting quantum computing, promising to advance technology delivery timelines and broaden the utilization of quantum computing solutions.