The investment is the latest element of Canada’s strategy to grow its chip value chain, as developments in artificial intelligence, cleantech and electric vehicles heighten the need for advanced chips
Innovation, Science and Industry Minister Francois-Philippe Champagne, makes an announcement regarding the manufacturing and marketing of semiconductors in Montreal, on July 4.The federal government is investing $120-million in an initiative to boost Canada ’s semi-conductor industry, which is facing intense competition in light of new critical technologies and major spending by global economies.
Semi-conductors are physical components that control the flow of electric current in microchips, which are essential to almost every electronic device, from LED light bulbs and blenders to EVs and rocket ships. “We’ve chosen areas that have long life, high growth and are very unique. I think we can dominate globally in these areas,” Mr. Harling said.
Already, CMC has attracted attention from American startups, and a potential project to support hundreds of research groups through a University of Purdue-led project, Mr. Harling said.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AI Chip Startup Etched Raises $120 Million to Expand ProductionAI chip startup Etched raised $120 million to expand manufacturing of its specialized chip that it boasts will rival Nvidia Corp.’s products.
Read more »
AI startup Etched raises $120 million to develop specialized chipArtificial-intelligence startup Etched said on Tuesday it has raised $120 million in a series-A funding round that the company plans to use to further...
Read more »
Litecoin price cracks bullish barrier: $120 target in sight?Litecoin’s [LTC] price action has remained dormant for the last week as it didn’t move much, but the trend might change
Read more »
Singapore Builder Oxley Seeks Up to $120 Million Private LoanOxley Holdings Ltd, a cash-strapped property developer in Singapore, is seeking a private credit loan of $100 million to $120 million partly to help repay a Singapore dollar bond due next month, said people familiar with the matter.
Read more »
Ottawa police looking to locate missing woman, 47, in Ottawa's west-endThe Ottawa Police service (OPS) is asking the public for help in locating a missing woman, 47, who was last seen earlier this month in the Pinecrest and Carling area.
Read more »
Tornado watch issued for Ottawa Valley, parts of Quebec; Thunderstorm watch for OttawaA tornado watch has been issued by Environment Canada for the Ottawa Valley and some parts Quebec.
Read more »