South Korean patent granted for Archer’s quantum computing chip
Growing Australian small cap, Archer Materials Limited, has announced the granting of a Republic of Korea patent associated with the company’s 12CQ quantum computing chip technology. The Korean Patent is a significant commercial milestone in the development of the 12CQ chip and in the Company’s efforts to access global markets. South Korea is a major global manufacturer and exporter of semiconductor chip devices, with its conglomerates, Samsung Electronics and SK Hynix, among the top producers of semiconductors in the world. The KR Patent application successfully underwent substantive examination procedures by the Korean Intellectual Property Office, which has over 1 million patents in force. South Korea has the highest number of patents per unit of GDP and the country files patents most heavily in electronic equipment (top ranked globally) and computing technology. Together with the US and China, South Korea is one of the most competitive jurisdictions for patent granting. Patent protection in South Korea is required for any future commercial operations in the country and provides Archer with access to a top 5 innovation economy to exploit IP rights related to the 12CQ chip with a duration of patent right up until Dec 2036. South Korea has named investment in its world-leading semiconductor industry, with the country committing to invest US$450 billion through to 2030, the bulk of which coming from companies, including US$150 billion by Samsung Electronics and US$200 billion by SK Hynix. Archer will need patent protection in South Korea if the Company is to participate in the country’s semiconductor industry. Commenting on the grant of the South Korean patent, Archer CEO Dr Mohammad Choucair said: “Archer’s quantum computing chip IP is now well protected in South Korea – home to some of the world’s largest chipmakers, and a critical part of the global semiconductor supply chain. “We […]