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Archer Exploration begins quantum chip project linked to growing semiconductor market

Archer Exploration Ltd (ASX:AXE) chief executive officer Mohammad Choucair updates Proactive Investors on the advanced materials company's new 12CQ quantum technology project. 
The company has begun to work on a carbon-based quantum computing chip, capable of room-temperature quantum information processing that would form the future basis of a universal quantum computer. 
"Materials are at the heart of what we do and the materials we're using form the basis of the technology," Choucair says. 
He continues, "They are the tangible realisation of the technology and so it's just a natural course of our activity to be developing and integrating these materials in the quantum tech space."

Quick facts: Archer Materials Ltd

Price: 0.49 AUD

Market: ASX
Market Cap: $109.93 m

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Archer Materials closes extremely successful Share Purchase Plan doubling...

Archer Materials: (ASX: AXE) Chief Executive Officer DR Mohammad Choucair joined Steve Darling from Proactive with news the company has just closed their share Purchase Plan offering and they were able to raise what they were looking and in fact, we're able to double it. Choucair telling...

1 week, 5 days ago

2 min read