Canada Invests Millions to Build Chip Network as US Races Ahead – Bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Canada will invest C$120 million ($88.2 million) over five years to build a national chip network, as calls intensify for the government to do more to bolster its lagging semiconductor sector.
Industry Minister François-Philippe Champagne announced the outlay from the federal Strategic Innovation Fund on Thursday. The investment supports a C$220 million project led by the nonprofit research accelerator CMC Microsystems to help Canadian startups commercialize new technologies.
