Bought in at $1.22 on Friday.
May be a little premature bit this is the reason why.
I am happy to hold this one long term....

Archer Materials’ deep tech could be game-changing for two key tech sectors

Snapshot

• Archer Materials to collaborate with AIML on quantum semiconductor development
• Archer Materials giving investors exposure to deep-tech
• Archer Materials granted key US patent for quantum computing chip

Quick facts: Archer Materials Ltd

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ASX:AXE

Price: 1.205 AUD

Market Cap: $298.2 m

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About the company

Archer Materials Ltd (ASX:AXE) is a materials technology company engaged in developing and integrating materials in quantum computing, biotech and li-ion batteries.

The company is engaged in the development of innovative deep tech in quantum computing, biotechnology, and reliable energy.

It has strong intellectual property, world-class in-house expertise, a unique materials inventory, and access to Tier 1 technology development infrastructure.

How it is doing

26 Nov 2021

Archer Materials Ltd (ASX:AXE, OTC:ARRXF) will collaborate with the Australian Institute for Machine Learning (AIML) in work focusing on advanced materials development, device fabrication and characterisation, and the development of quantum semiconductors relevant to Archer’s ¹²CQ chip technology.

The collaboration is part of a non-binding MOU entered into by Archer Materials and the University of Adelaide, of which the AIML is a research institute dedicated to machine learning.

Archer is a technology company developing advanced semiconductor devices, including processor chips that are relevant to quantum computing.

It is developing the ¹²CQ chip, a world-first qubit processor technology, that could allow for quantum computing powered mobile devices (QPMDs).

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04 Nov 2021

Archer Materials Ltd (ASX:AXE, OTC:ARRXF) has passed a key milestone in the early-stage assembly of its lab-on-a-chip technology by successfully fabricating microfluidic channels required for the biochip and integrated sensor components.

This is significant, as the company now has, with its in-house capability, miniaturised microfluidic channels to 20 micrometres or less in width on silicon, potentially allowing for 3,000+ channels within 1 square centimetre, and has also integrated nanosized biosensor components within these channels

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25 Oct 2021

Archer Materials Ltd (ASX:AXE, OTC:ARRXF) has raised A$15 million via its share purchase plan (SPP) which closed on October 20.

Due to strong demand, the company increased the initial raise amount to A$10 million, having initially sought A$5 million from eligible shareholders.

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Insight: Archer Materials giving investors exposure to deep-tech

05 Nov 2021

Archer Materials Ltd (ASX:AXE, OTC:ARRXF) is positioning itself to be an Australian leader in the burgeoning deep technology market, as it doubles down on its quantum computing and biochip focus.

On finalising the sale of its mineral exploration assets to iTech Minerals Ltd (ASX:ITM), Archer has completed its transition to become a pure-play deep technology company - a market that could potentially come to dominate multi-billion-dollar global semiconductor supply chains.

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What management says

22 Sep 2021

Archer Materials Ltd (ASX:AXE, OTC:ARRXF)'s CEO Dr Mohammad Choucair speaks to Proactive following the news it's reached its most significant early-stage commercialisation milestone with the granting of a US patent for its 12CQ quantum computing chip. The patent protects AXE’s 12CQ chip technology IP and gives it the potential to work with quantum computing partners in the US – considered to be the dominant force driving innovation in the semiconductor and computing industries