Archer Materials Ltd shares rise after signing quantum computing agreement with IBM
Archer is building a world-first qubit processor technology for quantum computing operation that could potentially operate at room temperature and integrate into modern electronics.
’s () () (FRA:38A) shares are trading about 5% higher intra-day after executing a new quantum computing agreement with International Business Machines Corporation ().
As part of the new agreement between Archer and IBM, Archer retains membership to the global IBM Quantum Network and the associated IBM Quantum Startup Program.
The new agreement also gives Archer the opportunity to progress the work initiated under its previous agreement with IBM.
Access to the most advanced quantum computers
Archer is one of the first Australian companies developing quantum computing technology to have joined the invitation-only, IBM Quantum Network.
The company is building the...
