Ottawa, Quebec commit $100M for semiconductor capacity in Bromont, Que., 280 jobs
The federal and Quebec governments are spending close to $100 million to boost the country's manufacturing capacity for semiconductors, which are vital in technologies ranging from artificial intelligence to quantum computing.
Prime Minister Justin Trudeau told reporters today in Bromont, Que., that Ottawa will invest $59.9 million to help fund IBM Canada's semiconductor packaging facility in the town about 70 kilometres southeast of Montreal.
He says the investment will also go toward the Bromont-based MiQro Innovation Collaborative Centre, a research group that tries to speed up the commercialization of components in digital technologies.
Quebec, for its part, is offering IBM Canada $38.9 million in loans to help the company buy equipment, increase capacity at its Bromont plant, and create a new generation of switches.
A news release from the federal government says the funding from both levels of government will help create 280 jobs in the region.
IBM Canada says its plant in Bromont is one of the continent's largest chip assembly and testing facilities and that the money will solidify Canada's place in the supply chain for advanced packaging of semiconductors.
- This report by The Canadian Press was first published on April 26, 2024.
CTVNews.ca Top Stories
'My family doctor just fired me': Ontario patients frustrated with de-rostering
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
'He's in our hearts': Family and friends still seek answers one year after Nathan Wise’s disappearance
It’s been a year since Nathan Wise went missing and his family is no closer to finding out what happened to him.
Ottawa pizzeria places among top 20 deep-dish pizzas in the world at international competition
An Ottawa pizzeria is being recognized as one of the top 20 deep-dish pizzas in the world.
Canada Post cracks down on Nunavut loophole to get free Amazon Prime shipping
Amazon's paid subscription service provides free delivery for online shopping across Canada except for remote locations, the company said in an email. While customers in Iqaluit qualify for the offer, all other communities in Nunavut are excluded.
Mother's Day movies that pull at ALL the heartstrings
This Mother's Day Weekend, take a look at some of the most emotional movies inspired by moms.
Suspect sought after fatal slashing in downtown Toronto
Police are searching for a suspect in a homicide investigation after a man was slashed in downtown Toronto on Sunday.
Edibles, armchairs and adapters: Here are the recalls for this week
Health Canada announced various product recalls this week, including electric adapters, armchairs, cannabis edibles and vehicle components.
Putin replaces Russian defence minister in rare cabinet shakeup
Russia’s President Vladimir Putin began a Cabinet shakeup on Sunday, proposing the replacement of Sergei Shoigu as defence minister as he begins his fifth term in office.
Over 300 dead, thousands displaced in northern Afghanistan as floods affect region
The UN food agency estimated that unusually heavy seasonal rains in Afghanistan have left more than 300 people dead and thousands of houses destroyed.