- Archer Material’s (AXE) “CQ chip” has been awarded a patent in South Korea, one of the largest semiconductor chip markets in the world
- South Korea is a prominent global manufacturer and exporter of semiconductor chip devices
- Archer’s CQ qubit processor chip — a type of chip required in quantum computers — is being built by its team in Sydney
- Patent applications in China, the US and Europe are said to be progressing
- Archer Materials shares closed today’s session up 12.9 per cent to trade at $1.62 apiece
Archer Material’s (AXE) “CQ chip” has been awarded a patent in South Korea, one of the largest semiconductor chip markets in the world.
Archer said securing a Republic of Korea patent marked a “commercial milestone” as the company sought to access global markets.
Qubit processors are a crucial hardware component of a quantum computer. Archer’s product, the CQ qubit processor chip, is being built by the company’s team in Sydney and could potentially operate at room temperature and integrate into modern electronics.
South Korea is a key global manufacturer and exporter of semiconductor chip devices and plays host to Samsung Electronics and SK Hynix.
Archer now has patents granted in Japan and South Korea, with patent
applications in China, the US, and Europe said to be progressing.
Archer Chief Executive Officer Mohammad Choucair said it was one of the few companies in the world developing a qubit processor chip in the semiconductor industry.
“To realise the full commercial benefits of the 12CQ technology globally, Archer’s IP strategy includes patent protection in Asia and especially South Korea,” he said.
“This is because South Korea’s semiconductor industry is one of the world’s best, while Asia as a whole dominates in semiconductor manufacturing, where close to 80% of all chips are produced.”
Archer Materials shares closed today’s session up 12.9 per cent to trade at $1.62.