Archer Materials Ltd (ASX:AXE) has started the next stage of development to advance commercial readiness of the 12CQ project aimed at building a quantum computing qubit processor.
Chip building capabilities have been expanded with Archer Materials securing access to world-class infrastructure, equipment, and engineers at École Polytechnique Fédérale de Lausanne (EPFL) in Switzerland.
The company has also commenced the quantum measurements required to build a working chip prototype and integration onboard modern devices.
Development goals
Archer chief executive officer Dr Mohammad Choucair said one of the companys key development goals was to demonstrate and accelerate the potential for the 12CQ chip integration in modern devices over the next 12 months.
He said: “The quantum measurements [to be performed] form the basis of the chip basic function – which is necessary for quantum information processing.
“Essentially, the quantum in quantum computing.
“The measurements are not routine; we will now expand on Archers chip development capabilities to include contributing teams at the world-class EPFL to accelerate the development and commercial readiness of the 12CQ chip.”
Archer uses a unique carbon-based qubit material that has the potential to enable chip operation at room-temperature and integration onboard modern electronic devices.
World-class facilities
Archer has begun performing measurements on the chip qubit components at various facilities at EPFL.
The company intends to devise, design and perform several quantum measurements on the chip prototype qubit componentry over the next 12 months in-line with its strategic chip development roadmap and commercialisation plan.
Outcomes and results of the various quantum measurements will be used to validate claims in the patents protecting the chip technology intellectual property and to advance the commercial readiness of the chip.
Commercialising the chip
Archer began assembling chip prototypes in mid-2019 and recently demonstrated the possibility of qubit scalability in fabrication by precisely positioning the critical chip qubit component creating few-qubit arrays.
The company now intends to commercialise chip products through licensing and direct sales by seeking to establish commercial partnerships with highly resourced organisations including software developers and hardware manufacturers, that could allow for product scale, IP transfer and distribution channels.
Market outlook
While Australia forms a significant part of the growing quantum computing economy, there are currently limited opportunities for on-market investment and exposure to financial returns from quantum computing technology.
According to McKinsey, the highest value in the quantum computing economy is derived from technology development in the US, EU and Australia.
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