Canada invests $120M to boost semiconductor industry – Proactive Investors USA
Pharma & Biotech
Sustainability
Cannabis
Battery Metals
Artificial Intelligence
Proactive Investors Australia Pty Ltd ACN 132 787 654 (the Company, we or us) provides you with access to the content set out above, including any news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) and this website (the Site) on the terms set out in this disclaimer, together with all other terms and conditions, disclaimers and other notices displayed elsewhere on this Site. It is important for you to know that: (a) none of the Content is, or is intended to be, general or personal advice (b) the principal purpose of the Content is to provide factual information only and to comment on news; (c) the Content does not contain or imply any recommendation or opinion intended to influence your financial decisions, including in respect of any particular security, portfolio of securities, transaction or…
Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of… Read more
Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists.
Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth.
We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors.
The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies.
Proactive has always been a forward looking and enthusiastic technology adopter.
Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows.
Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.
Published: 09:46 05 Jul 2024 EDT
The Canadian government has announced earlier this week a $120 million investment in CMC Microsystems to bolster Canada’s semiconductor industry.
The funding, part of a $220 million project through the Strategic Innovation Fund, aims to enhance Canada’s role as a global semiconductor supplier, vital for sectors such as automotive, telecommunications, and low-carbon technology.
Funds will support the creation of the Fabrication of Integrated Components for the Internet’s Edge (FABrIC) network. This network will unite stakeholders nationwide to advance semiconductor and intelligent sensor technology design, manufacturing, and commercialization.
Over the next five years, FABrIC will create about 325 highly skilled jobs and maintain 440 more, reinforcing Canada’s semiconductor and smart sensor industry.
The investment builds on the 2023 commitment by Prime Minister Trudeau and US President Biden to develop a cross-border semiconductor manufacturing corridor, aiming to enhance North American supply chain resiliency and economic security.
Sign up to receive alerts and news direct to your inbox
CVW CleanTech (TSX-V:CVW, OTCQX:CVWFF) CEO Akshay Dubey discussed the company's innovative technology aimed at reprocessing tailings from oil sands mining with Proactive's Stephen Gunnion. Dubey explained that the process recovers valuable hydrocarbons, zircon, and titanium from waste,…
Copyright © Proactive Group Holdings Inc, 2024
All Rights Reserved – Proactive North America Inc., Proactive Investors LLC.
Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use.