AXE 5.26% 36.0¢ archer materials limited

This is great! This was discussed back at the General Meeting in...

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    This is great!
    This was discussed back at the General Meeting in November regarding Government assistance for the work they are doing. Because Archer's work currently involves mainly R&D and is eligible - a substantial amount of tax paid is returned through the Australian Federal Government’s Research and Development Tax Incentive program.

    On the flip side of the interest rate hikes - Archer should be earning more interest on the $24 Million in bank accounts! With interest, Zero Debt and coupled with the Tax Incentive Program and Archers careful use of funds this will fund their activities further.

    Happy to have collected a few more recently and as much as I'd love to see more news flow I acknowledge what they are doing is extremely complex and I imagine there is a lot happening in the background there and the newsflow will come. Patience can be hard to master at times..

    Thanks for the Heads Up to the Sydney Quantum gathering Fat Harrys Cat smile.png

    Copied the article and posted it below.
    So this new foundry is concentrating on Qubits for Quantum computers. This would bode well for Archer's development also!

    You have to keep in mind all these Quantum advancements is still in the early days but development is accelerating and going forward there will be plenty of room in the area for many players.
    Great to see Sydney NanoScience Hub stepping it up a notch thou...


    A Future Qubit Foundry in the Sydney Nanoscience Hub will use world-class labs and cleanrooms. (PR HANDOUT IMAGE PHOTO)
    A Future Qubit Foundry in the Sydney Nanoscience Hub will use world-class labs and cleanrooms. (PR HANDOUT IMAGE PHOTO) Credit: AAP

    High-tech foundry to forge quantum computers bit by bit

    Marion RaeAAP
    February 21, 2023 2:34AM

    Topics

    Business

    Australian quantum pioneers are determined they won't be left behind in the race to attract talent and solve complex problems with new tools.

    The University of Sydney announced on Tuesday it will establish a Future Qubit Foundry in the Sydney Nanoscience Hub, where researchers will have access to world-class labs and pristine cleanrooms.

    Future computers could harness the power of a million qubits, or quantum bits, and rapidly answer complex questions. But qubits themselves will change.


    The foundry will focus on the fundamental science for the next generation of qubits and the industry partnerships needed to make them useful - in pharmaceuticals, cryptography and engineering.

    Deputy Vice-Chancellor Professor Emma Johnston said the $7.4 million investment would position the university at the forefront of next-generation design of qubits, the heart of quantum computers.

    "Crucially, it will also help ensure Australia can train the quantum workforce needed to operate tomorrow's quantum tech," she said.

    CSIRO predicts quantum technology will be a $6 billion industry in Australia by 2045, employing 19,400 people.

    Professor Stephen Bartlett, who heads the quantum theory group in the School of Physics, said the building blocks of tomorrow's quantum computers were yet to be invented.

    "That's why it's so vital to invest now into facilities like this to accelerate qubit research," he said.

    Australians such as John Bartholomew, who was at Caltech, and Xanthe Croot, who was at Princeton, have come home to establish research teams at Sydney to develop future quantum tech, he said.

    The USyd announcement comes as a three-day Quantum Australia conference begins in Sydney, including keynote speakers federal Industry Minister Ed Husic and Australia's Chief Scientist Cathy Foley.

 
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