Overview
- D-Wave agreed to acquire Quantum Circuits for $550 million—$300 million in stock and $250 million in cash—with closing expected in late January pending regulatory and NYSE listing approvals.
- The deal brings gate-model superconducting technology into D-Wave’s portfolio, creating a dual-platform strategy that serves distinct customer use cases.
- Quantum Circuits adds dual-rail, hardware-level error detection designed to reduce the number of physical qubits required to form stable logical qubits.
- Rob Schoelkopf, a Yale professor and QCI co-founder, will join the combined effort as D-Wave expands an R&D hub in New Haven, Connecticut.
- D-Wave plans to release an early gate-based system in 2026, while shares rose about 2% after the announcement and analysts have issued positive coverage.