Archer Materials

Archer Materials

Technology Company

Type

Public

Industry

Technology Company

Founded

February 25, 2007

Founder

Mohammad Choucair (CEO)

Archer Materials Info
Origin Australia
Location Lot Fourteen, Adelaide, South Australia
Services Semiconductors, Quantum Computing

About

Archer Materials (commonly known as Archer) is an Australian technology company that operates in the semiconductor industry headquartered in Lot Fourteen, Adelaide. With primary operations in Sydney, Australia, in 2023 Archer ranked in the top 100 ASX-listed companies in the technology sector by total market capitalization.

History

Archer Materials was founded on February 25, 2007, and was formerly known as Archer Exploration (until 2019). Since December 2017, Archer has been associated with the executive leadership and vision of Mohammad Choucair, a chemist, who was a key inventor of chemically produced graphene. Although Archer has been developing advanced semiconductor devices since 2018, it was not until 2021 that this became its primary business.

Archer became a public company via an initial public offering (IPO) and was admitted to the Official List of ASX Limited on Wednesday, 8 August 2007, with 38,000,000 ordinary shares issued at A$0.20 per unit under the security code AXE. In 2021, Archer received funding of A$25 million through a capital raising that was managed by Canaccord Genuity (Australia) Limited and Taylor Collison Limited.

Since 2021, the Global Industry Classification Standard (GICS) code, an industry taxonomy developed by MSCI and Standard & Poor’s (S&P), for Archer was Information Technology – Semiconductors. Archer Materials is developing a qubit processor for applications in quantum computing and quantum technology based on a metallic-like carbon nanosphere, and a biochip integrating graphene field-effect transistors (FET).

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