Australia's Archer Materials rises on 12CQ chip patent

Archer Materials

12/08/2022 05:29

** Archer Materials Ltd  AXE.AX  rises as much as 9.5% to
A$0.920, its highest since Aug. 04
    ** Gets Hong Kong patent for 12CQ quantum computing chip (https://bit.ly/3PjNaco)
    ** Says now has patents spanning Australia, the U.S., China,
South Korea, Japan, Hong Kong, among others
    ** Says all pending patent applications in the current 12CQ
chip portfolio have been granted 
    ** Stock has fallen 25.3% this year, as of last close

    

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))