Archer Materials (ASX:AXE) developed carbon films with electron spin lifetimes that exceed those previously measured on carbon nano-onions, according to a Monday filing with the Australian bourse.
The chipmaker said the films can be processed into quantum devices using standard semiconductor fabrication techniques, opening a path to various applications.
The company added that it is working to understand the key parameters that impact spin lifetime so that the material can achieve quantum performance.
Archer Materials' shares were up more than 3% in recent Monday trade.
Price (AUD): $0.23, Change: $+0.01, Percent Change: +3.11%
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