IBM invests $730M to expand Canadian semiconductor plant, focusing on advanced components; federal government invests $59.9M in semiconductor initiatives.
IBM is investing $730M over the next five years to expand its Canadian semiconductor packaging and testing plant, focusing on advanced semiconductor components. The 800-acre site in Bromont, Quebec, is the largest of its kind in North America and hosts Canada's first universal quantum computer. The federal government is also investing $59.9M into semiconductor initiatives, a part of a $226.5M scheme to enhance Canada's high-tech sector.
April 28, 2024
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