Total
0
Shares
Archer Materials (ASX:AXE)-CEO, Dr Mohammad Choucair (left) - The Market Herald
CEO, Dr Mohammad Choucair (left)
Source: Archer
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Materials company Archer Materials (AXE) has achieved a key technological milestone in the development of its CQ quantum computing qubit processor chip technology
  • The company has achieved electronic transport in a single qubit at room temperature, an essential step in the development of the 12CQ chip
  • Last month, the computing chip secured a Japanese patent, which was another major milestone for the company
  • On the market today, Archer is up 26.3 per cent and is trading at $1.01 per share

Archer Materials (AXE) has achieved a key technological milestone in the development of its CQ quantum computing qubit processor chip technology.

The company has achieved electronic transport in a single qubit at room temperature, an important step in the development of the 12CQ chip.

CQ is a world-first qubit processor, which Archer is aiming to build for quantum computing operations at room-temperature and integration into modern electronic devices.

"In building our 12CQ chip for room temperature operation and integration onboard electronic devices, we are pushing the boundaries of what can be done technologically in the world today," CEO Dr Mohammad Choucair said.

"The importance of achieving electronic transport in a single qubit at room temperature cannot be overstated as it will have a positive and broad impact on the development of the 12CQ chip," he added.

Last month, the computing chip secured a Japanese patent, which was another major milestone for the company.

Notably, Archer is one of a few players developing a qubit processor chip in the emerging multi-billion-dollar quantum computing industry.

On the market today, Archer is up 26.3 per cent and is trading at $1.01 per share at 11:05 am AEDT.

AXE by the numbers
More From The Market Herald
Vection Technologies (ASX:VR1) signs first Australian real estate VR solution

" Vection Technologies (ASX:VR1) signs first Australian real estate VR solution

Vection Technologies (VR1) has signed its first Australian real estate virtual reality (VR) solution via its AEC & Real Estate Division.
K2fly (ASX:K2F) - Chief Executive Officer, Brian Miller - The Market Herald

" K2fly (ASX:K2F) wins contract extension from Fortescue Metals Group (ASX:FMG)

K2fly (K2F) has won a contract extension from Fortescue Metals Group (FMG).
Esports Mogul (ASX:ESH) - Chairman, Gernot Abl - The Market Herald

" Esports Mogul (ASX:ESH) to run tournament platform for U.S. ReWire Fest

Esports Mogul (ESH) has been chosen as the platform provider for the upcoming ReWired Fest in the United States.
Norwood Systems (ASX:NOR) - CEO, Paul Ostergaard - The Market Herald

" Norwood Systems (ASX:NOR) raises $200K via convertible note issue

Norwood Systems (NOR) has raised $200,000 through the issue of more than 8.3 million convertible notes.