leadf
logo-loader
viewArcher Materials Ltd

Archer Materials well-aligned with strategic direction of the US in quantum computing

The Australian materials technology company said its latest development work on its 12CQ cubit chip modelling, directly addressed a key area of priority to accelerate the development of quantum computing globally. 

Archer Materials Ltd - Archer Materials very well-aligned with strategic direction of the US in quantum computing
The US is taking significant action to strengthen investments in quantum tech and prepare a quantum-ready workforce

Archer Materials Ltd (ASX:AXE) (OTCMKTS:ARRXF) (FRA:38A) is very well aligned with the strategic direction of the US in the field of quantum computing. 

The Australian materials technology company said its latest development work on its 12CQ qubit chip modelling, directly addressed a key area of priority to accelerate the development of quantum computing globally. 

Archer is developing the 12CQ chip for quantum computing operation at room-temperature and integration on-board modern electronic devices. 

Innovative quantum computing deep tech

Archer Materials’ chief executive officer Dr Mohammad Choucair said: "The US is taking significant action in growing the quantum technology industry in America, and in maintaining its global leadership position.

“This gives Archer and its shareholders confidence moving forward with our strategy, as we work with global giants like IBM to realise our innovative quantum computing deep tech.”

Archer is a member of the International Business Machines Corporation (IBM) (NYSE:IBM) (LON:IBM) Q Network.

As part of an agreement with the global IT giant, it plans to use IBM’s Qiskit quantum development platform as the software stack for its 12CQ qubit processors.

US makes quantum technology critical priority
 
The US has made it clear that several quantum technology areas remain in an early phase of development, including quantum computing, where the engineering of a core technology is relatively immature.

It is therefore taking significant action to strengthen investments in quantum tech and prepare a quantum-ready workforce.
 
It has made quantum technology a critical priority for ensuring America’s long-term economic prosperity and national security.

Harnessing the novel properties of quantum physics has the potential to yield transformative new technologies, such as quantum computers, quantum sensors, and quantum networks.

The new quantum.gov website provides centralised information and reports detailing leading indicators of success in the quantum technology ecosystem, pointing to specific goals and focused efforts in the short term (5 years) and in the longer term (20 years) being made in the US.

Validating qubit chip

Earlier this month, Archer Materials announced the development of a computational quantum mechanical theory that accurately models the behaviour of the qubit material at the core of Archer’s 12CQ quantum computing qubit processor (chip).

The computational models validate the origins of experimentally observed quantum phenomena in the qubit material and allow Archer to predict future quantum behaviour.

Choucair said: “In the global multi-billion-dollar quantum computing ecosystem, this type of theoretical validation is a technological prerequisite and demonstrates that Archer operates under a high degree of certainty in its qubit chip development.

“We can now accurately predict the 12CQ qubit materials’ future behaviour, performance, and overcome potential limitations in device operation from an early stage, to drastically reduce technological risk and assist in moving forward with our partners.”

World-first quantum-theoretical validation

Archer is working with world-leading theoretical physicists at the prestigious research institute École Polytechnique Fédérale de Lausanne, Switzerland (EPFL), to computationally model Archer’s unique qubit material.

The results of the work validate Archer’s global competitive advantage in quantum computing processor technology development.

Quick facts: Archer Materials Ltd

Price: 0.535 AUD

ASX:AXE
Market: ASX
Market Cap: $120.29 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Archer Materials Ltd named herein, including the promotion by the Company of Archer Materials Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Archer Materials making 'significant progress' towards qubit control

Archer Materials Ltd's (ASX:AXE) (OTCMKTS:ARRXF) (FRA:38A) CEO Dr Mohammad Choucair updates Proactive on progress they're making in advancing the current stage of development of its quantum computing chip. He says achieving qubit control would be a major validation of the commercial viability of...

1 week, 2 days ago

3 min read