Riding the quantum hype is a miserable game. When we got the...

Riding the quantum hype is a miserable game. When we got the please explain letter from the ASX, AXE management was also forced to point to quantum hype elsewhere as a reason.

maybe we can look at other, more long term reasons for why some of us believe in AXE. All my personal opinion here of course and I am more looking at the next generation of semiconductors. Jensen at NVIDIA is leading the charge with 'accelerated computing'. Stacking more and more transistors and adding more and more chips in parallel architectures. AXE is working one level deeper at the materials level to engineer new semiconductors. New type of transistors with less power consumption, less heat generation. Something that hyper scaled data centres would want yesterday. As it is big tech has to look at nuclear power plants to scale up.

Google and their Willow is going in a different direction with designing groups of qubits together. This kind of scaling is actually showing the promise of reducing quantum error correction overhead. In fact improving error rates. Now I'm going off on what might seem a flight of fancy here, but no worse than all the hype-panic sentiment, and that is that AXE has this quantum carbon film that can be deposited in one whole piece with many islands of electrons. Like Google's approach, grouping of potentially many single electron transistors/ qubits on one film. Less engineering by reducing steps. Google may be big tech, but unlike NVIDIA it doesn't have a huge IP pool of R&D to build out servers. It relies on another fabless company (like ours) Broadcom to supply the building blocks. So why can't we be a contender one day. If we're acquired by someone like Google for in house development, we won't have to worry about how we're going to find capex. Either the government comes to the party and wants to build sovereign semiconductor capability, or we get acquired.

There are so many twists to this story, too early to even know how fast it can all fall into place. AXE, while being in the semiconductor industry can disrupt the industry trying to make transistors that are stable at more practical temps. Meanwhile, they're looking to monetise their expertise with the atomic scale quantum behaviour by making the next gen sensors. These sensors by the way are also used in every digital environment, from cars to those giant data centres and AI hubs.