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 Archer Materials Limited’s efforts to access global markets.
Significance of Archer’s quantum chip patent
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.
With the US and China, South Korea is a very 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 to participate in the semiconductor industry.
Comments on Archer’s quantum chip patent
Archer’s Chief Executive Officer, 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 now have 12CQ chip patents granted in Japan and South Korea, with patent applications in the US, China, and Europe progressing well.”
“To realise the full commercial benefits of the 12CQ technology globally, Archer’s IP strategy includes patent protection in Asia, and especially, South Korea.”
“South Korea’s semiconductor industry is one of the world’s best, while Asia as a whole dominates in semiconductor manufacturing, where close to 80% of all chips are produced.
“The global economy’s transformation includes the semiconductor industry becoming key to all industries. Archer is ensuring its participation in this transformation, being one of few companies with a patent portfolio protecting quantum computing chip technology.”
12CQ is a world-first quantum computing processor chip technology. The Japanese Patent was the first granted patent protecting the 12CQ chip (ASX ann. 20 Jan 2021).
The patent granting process and procedures for the additional five international patent applications in Australia, China, Hong Kong, Europe, and the US, continue to progress.