Australia's Archer Materials jumps as commercial foundry partner validates chip design

Archer Materials

14/09/2023 02:01

** Shares of Archer Materials  AXE.AX  rise as much as 19.8%
to A$0.545, posting their biggest intraday pct jump since June
21  
    ** Semiconductor co says its graphene field effect
transistor (gFET) chip design validated by commercial foundry
partner in the Netherlands
    ** Validation of advanced gFET device design and whole wafer
 run in a commercial foundry represents critical milestone in
the  commercialisation pathway for Archer's biochip - co
    ** Shares hit highest level since Aug 4
    ** Archer down 26.0% YTD, as of last close 
  

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))