Archer shares jumps 20% as super computers validate qubit material

Archer shares jumped 20% today after the company announced that Swiss super computers had validated the uniqueness of AXE’s 12CQ qubit material.

So, what does that mean? In a nutshell, the super computers at École Polytechnique Fédérale de Lausanne (EPFL) were used to simulate the behaviour of the materials used in AXE’s 12CQ qubit. They confirmed an intrinsic metallic-like character of the qubit material that ultimately should enable the company to exploit the quantum-like properties it describes in its patents.

 

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It’s complicated

We know … this sounds very complicated … and it is. Unfortunately, the announcement Archer Materials made today doesn’t read like a romance novel. In our view, the long and short of it is that Archer will need at least 5 to 10 years to develop this technology to the point where it may get to some sort of commercialisation.

Remember, developing new semiconductor technology takes a long time, just look at Weebit Nano (ASX:WBT) and BrainChip (ASX:BRN). We have written extensively about these two companies and their technology has been 5 to 10 years in the making. Both companies are currently at the strt of their commercialisation process.

But Archer is trying to do something much more complicated!

 

The holy grail

Archer Materials is trying to build qubits (quantum bits) that can operate at room temperature. Quantum Computing at room temperature is the holy grail of the semiconductor and super computing industry. Well-established firms like IBM have build quantum computers, but they can only function at extremely low temperatures and are therefore very expensive.

So, Quantum Computing at room temperature would be a paradigm shift.

 

 

Patience and a lot of money

Investors will need patience with AXE, as in, a lot of patience, before 12CQ can commercialise. But it’s a good thing AXE had $25m in the bank at the end of September 2022, because this sort of development work is expensive. But if and when Archer Materials gets this to market, the payoff should be great.

 

Archer’s CEO spoke at our Semiconductor Conference on 15 November 2022. Check out the entire presentation below!

 

 

 

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