Archer Materials Achieves Full-Wafer Manufacturing Runs of Refined 12CQ Quantum Chip Key Components, Shares Jump 4%

MT Newswires Live07-09 13:04

Archer Materials (ASX:AXE) said it achieved full-wafer manufacturing runs of its refined 12CQ quantum chip key components in the June quarter, according to a Thursday Australian bourse filing.

It demonstrated proof-of-concept performance for its quantum neural network relating to fraud detection in both simulation and quantum hardware applications.

Its shares rose 4% in recent trading on Thursday.

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