Good morning, I am pleased to welcome over 2,800 new shareholders to Archer who have joined us since the first week of July this year. Archer is now over 10,000 shareholders strong.
I would like to share with you a recent report published by Boston Consulting Group (BCG) titled What Happens When ‘If’ Turns to ‘When’ in Quantum Computing?
BCG has been tracking developments in the technology and business of quantum computing for several years. This report takes a current look at the evolving quantum computing market, especially with respect to the timeline to quantum advantage and the specific use cases where quantum computing will create the most value.
The freely accessible report highlights three key areas: technology, value flow, and risk, providing:
- An overview of the quantum computing hardware technologies with operating qubits, that have received the most attention recently, and a discussion on the limitations and benefits of the various types of the associated qubits.
- Analysis showing investments in quantum computing nearly tripled in 2020, the busiest year on record, with more than two-thirds of equity investments in quantum computing made since 2018.
- BCG estimates that quantum computing could create value of US$450 billion to US$850 billion in the next 15 to 30 years.
- A focus on four computational problem types that could unlock hundreds of high-value end-use cases at tech maturity.
Archer has made considerable strides this year in the early-stage development of our 12CQ quantum computing qubit processor chip, with wonderful achievements technologically, expanded access to world-class deep-tech infrastructure, and the granting of related patents in Japan, China, and South Korea.
I look forward to updating you on Archer’s progress related to the development of our 12CQ chip and I wanted to take this opportunity to thank our shareholders for their continued support, trust and confidence.
Dr Mohammad Choucair, FRACI FRSN GAICD
Chief Executive Officer
Archer Materials Limited (ASX:AXE)