Archer Materials Limited (“Archer”, the “Company”) a semiconductor company advancing the quantum technology and medical diagnostics industries, has received prototypes of the tunnel magnetoresistance (“TMR”) sensors from its foundry partner, MultiDimension Technology (“MDT”).
Prototype TMR sensors received by Archer from MDT. Image Credit: Archer Materials Limited
Archer is sending the TMR sensor prototypes to its research partner, an Australian university, for characterization. The Company will then begin engaging with potential customers to obtain their feedback, to develop and enhance the TMR sensors’ performance by utilising Archer’s deep quantum technology expertise.
TMR sensors are quantum magnetic sensors that are highly sensitive, have high bandwidth, and have low power consumption compared to the traditional Hall effect sensors, which currently represent the industry standard. TMR sensors are used for a range of growing applications including data centers, automotive, medical devices, internet-of-things (“IoT”), and consumer electronics.
Commenting on the TMR sensor prototypes, Greg English, Executive Chair of Archer, said, “The need to replace traditional sensing technology usage across large industries provides a significant opportunity for Archer. Receiving this prototype from MDT is the first step in this process of developing our own TMR sensors, which we are bolstering with Archer’s quantum mechanics expertise.
“TMR sensors provide Archer with an opportunity to potentially generate revenue in the next one to two years and establish a market presence sooner, while building a diversified product line, including its quantum computing chip as part of the 12CQ project.”