Australia's Archer Materials jumps on biochip deal with Belgian co

Archer Materials

12/08/2025 06:59

** Archer Materials AXE.AX jumps as much as 13.2% to A$0.300; on track for biggest intra-day pct gain since July 1

** Stock last up 9.4% at A$0.29; set for highest level since July 29

** Semiconductor firm signs contract with Belgium-based Interuniversity Microelectronics Centre (IMEC) to develop biosensor products for home, point-of-care diagnostics using advanced semiconductor tech

** About 649,326 shares traded, ~3x the 30-day avg

** YTD AXE falls 50%

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))