Archer Materials (ASX:AXE) is progressing its qubit technology beyond laboratory-scale devices and beginning to work toward wafer-scale manufacturing using semiconductor industry-standard processes, according to a Tuesday Australian bourse filing.
Recent development efforts are focused on refining the underlying device structures and fabrication processes, the filing said. The company completed multiple device design, fabrication, and testing cycles.
Archer Materials' shares jumped nearly 9% in recent trading on Tuesday.