- Technology company Archer Materials (AX) has received an Australian patent for CQ quantum computing chip technology
- With this patent, the company’s technology is protected, and Archer called it an “important milestone in the early stages” for CQ chip development
- CEO Dr Mohammad Chukair says the patent is a central element in Archer’s CQ chip development strategy and “will help strengthen quantum computing and technological innovation in Australia
- Shares of AX ended the day at 11 percent, trading at 81 cents at market close
Archer Materials (AX) has received an Australian patent for CQ quantum computing technology.
With this patent, the company’s technology is protected, and Archer called it a “significant milestone at an early stage” to develop a CQ chip that could pave the way for practical quantum computing.
The patent gives the company exclusive and legally legitimate commercial rights to invent the CQ chip in Australia, giving Archer the right to prevent others from producing and selling technology in the country.
Notably, Archer is the only company listed on the ASX list, and one of the few players in the world to develop qubit processor chip technology in the semiconductor industry.
CEO Dr Mohammad Chuker said the patent is a central element in Archer’s strategy to develop the CQ chip.
“With the focus on quantum technology in Australia now stronger than ever, we believe that granting an Australian patent for the 12CQ Archer chip will contribute
strengthening quantum computing and technological innovation in Australia ”.
The Australian patent joins several countries, such as Japan, China and 12 European countries in technology protection, with an additional patent application in Hong Kong still pending.
Shares of AX rose 11 percent, trading 81 cents at market close.