Archer and IBM sign new quantum computing agreement

Good morning, in this issue of Archer’s 2021 Newsletter, we explore Archer’s continuing relationship with IBM, and highlight the Company’s access to over half a billion dollars of institutional deep tech infrastructure.

Last week we were pleased to announce that Archer and IBM signed a new quantum computing agreement to continue working together on the advancement of quantum computing. We are looking forward to our continued collaboration with IBM, especially having seen the achievements by Archer and others in the global quantum ecosystem to date.

Archer is making crucial steps towards its goal of enabling practical quantum computing applications.

Recently, Archer reported progress in its 12CQ quantum computing processor chip development, specifically towards few and single qubit control, which are key milestones in validating 12CQ chip viability. Without qubit control, 12CQ chip operation would not be possible. We are now building state-of-the-art qubit control devices to integrate with our qubits; another world first.

In parallel, Archer continues to grow its domestic capability in semiconductor design and fabrication.

Archer recently secured access to a world-class suite of institutional deep tech infrastructure resources to directly analyse the Company’s chip devices. This builds on the Company’s access to a A$150 million research and prototype semiconductor foundry where Archer fabricates its chip devices.

We have made some special achievements this year in our tech development, patent prosecution, and commercial partnerships, and I look forward to updating you on our progress in the coming months.

Sincerely,

Dr Mohammad Choucair, FRACI FRSN GAICD
Chief Executive Officer
Archer Materials Limited (ASX:AXE)

Read the full Newsletter here