Archer Materials Obtains Australian Patent for CQ Quantum Computer Chip
Archer Materials (ASX:AXE) has been awarded an Australian patent for its 12CQ (one-two-see-que) quantum computer chip technology.
It is the only ASX-listed company and one of the few players in the world developing quantum bit (qubit) processor chip technology in the semiconductor industry.
The patent protects a proposed qubit processor chip that provides a pathway to achieve practical quantum computing and provides Archer with exclusive, legally enforceable commercial rights to the invention in Australia.
It prevents other companies from making, using or selling the technology in Australia and is a prerequisite for future commercialization opportunities.
Chief Executive Dr. Mohammad Choucair said the patent represents an important milestone for the company.
“We are delighted with the granting of this patent which is a central part of our strategy to develop the 12CQ chip for major markets,” he said.
“With the focus on quantum technologies now stronger than ever, we believe the grant of this patent will help strengthen quantum computing and technological innovation in Australia.”
Patents protecting the 12CQ chip have already been granted in Japan, South Korea, China, the United States and several European jurisdictions, including the United Kingdom, France and Germany.
The application process and patent protection procedures in Hong Kong are ongoing.
Archer is focused on developing advanced semiconductor devices, including processor chips relevant to quantum computing.
The company is developing the 12CQ chip, a world-first qubit processor technology that could potentially enable mobile devices powered by quantum computing.
Quantum technology has the ability to accelerate the development of drugs and materials, improve national security, increase productive mining exploration, and improve secure communications.
It has been identified by CSIRO (Commonwealth Scientific and Industrial Research Organisation) as “Australia’s most promising long-term opportunity”.
In 2020, the organization reported that Australian quantum technology could create $4 billion in revenue and 16,000 new jobs in an $86 billion global industry by 2040.