Pasqal and D-Wave (QBTS) Gain Government Support in Canada and South Korea

Two major developments this week show growing momentum in the quantum computing industry, with companies expanding real-world deployments and international partnerships. First is D-Wave Quantum Inc. (QBTS), which signed a memorandum of understanding with Yonsei University and Incheon Metropolitan City in South Korea. The agreement aims to boost quantum research, education, and adoption in the country. It includes plans for collaborative research and development of use cases in biotechnology and materials science.

D-Wave specializes in annealing quantum systems and positions itself as one of the few quantum hardware providers with commercial use cases. Over the past two days, three five-star analysts have reiterated their Buy ratings on the stock. David Williams from Benchmark raised his price target from $14 to $20, implying a 28.62% upside. Top analyst Richard Shannon of Craig-Hallum also maintained a Buy rating, while Sujeeva De Silva from Roth MKM lifted his target from $12 to $18, suggesting a 15.76% upside.

The deal also supports efforts to install a D-Wave Advantage2 quantum computer at Yonsei University’s International Campus. The installation would mark a key step in making Incheon a center for quantum innovation in Asia. Yonsei’s president stated that the project focuses on building an ecosystem for quantum literacy and applied research.

Pasqal Enters the Canadian Market

Meanwhile, France-based Pasqal opened its first North American quantum computer factory in Sherbrooke, Québec. The facility will manufacture next-generation quantum processors based on neutral-atom technology. The expansion is backed by a 15 million Canadian dollar loan from the Québec Ministry of Economy and Investissement Québec, plus $2.4 million from the National Bank of Canada and $1.2 million from CED (Canada Economic Development for Québec regions).

Pasqal also sold a 100-qubit quantum processing unit to Distriq, an innovation zone supported by Canadian public and private partners. The system will support research and industrial applications in areas such as healthcare, energy, logistics, and advanced materials. The company said the computer will be fully built and installed in Sherbrooke, increasing access to quantum computing for local researchers and businesses.

Pasqal is privately held, but the new sale and factory add to a growing list of real-world deployments for the company.

Conclusion

Both developments reflect a trend toward localized infrastructure, talent development, and commercial experimentation in the quantum sector. These moves could help build investor confidence in the future of applied quantum computing. For retail traders, companies like $QBTS may gain attention as more systems are deployed and partnerships expand.

Is QBTS Stock a Buy?

Based on the six ratings issued, D-Wave Quantum is considered a Strong Buy. The average QBTS stock price target is $14.20, implying an 8.68% downside.

See more QBTS analyst ratings