- Archer Materials (AXE) is granted a Chinese patent for its 12CQ quantum computing chip technology
- The company says the grant further protects, validates and substantially de-risks its technology and is a step towards accessing global markets
- Archer says it intends to use existing chip manufacturing facilities to build its CQ chip
- Patents are still progressing in Australia, Hong Kong, Europe and the US
- Archer Materials is up 13.3 per cent, trading at $1.83 at 11:45 am AEST
Archer Materials (AXE) has been granted a Chinese patent for its 12CQ quantum computing chip technology.
Archer’s 12CQ chip is a qubit processor technology for mobile quantum computing powered devices. AXE is currently the only ASX-listed company, and one of few players in the world, developing this within the quantum computing industry.
The new patent application successfully underwent substantial examination procedures in China, which has over 2.6 million patents in force — topped only by America’s 3.1 million.
Patent protection in China is required for any future commercial operations in the country. Archer says the patent is a significant step forward for its efforts to access global markets, while giving it access to the world’s second largest economy.
China named investment in semiconductors as one of its seven key priorities in its five-year economic plan, with the country committing to spend more than US$1.3 trillion (around A$1.7 trillion) on high-tech industries.
“The grant of a patent in China further protects, validates, and substantially de-risks, our unique technology,” said Archer CEO Dr Mohammad Choucair.
“Archer is one of few companies in the world with a patent portfolio protecting quantum computing chip technology.”
The company says it’s looking to use existing chip manufacturing facilities to build its 12CQ chip, many of which are found in Asia.
Meanwhile, Archer is still progressing patents in Australia, Hong Kong, Europe and the US.
Archer Materials was up 13.3 per cent, trading at $1.83 at 11:45 am AEST.