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
4th Indian national arrested, charged with murder of Hardeep Singh Nijjar
Homicide investigators in B.C. say murder charges have been laid against a fourth Indian national in connection to the killing of Sikh activist Hardeep Singh Nijjar outside a Surrey gurdwara last year.
'I am angry': Alberta farmers will continue fight over world class motorsport resort
The rolling hills leading to the hamlet of Rosebud are dotted with sprawling farms and cattle pastures -- and a sign sporting a simple message: No Race Track.
Man ticketed after allegedly trespassing again at Drake's Bridle Path mansion to get his bike
A man who tried to access Drake’s Bridle Path mansion earlier this week returned to the property Saturday and was apprehended again for allegedly trespassing, Toronto police say.
Couple randomly attacked, 1 stabbed, by group of teens in Toronto, police say
A man has been transported to hospital after police say he was stabbed in a random attack carried out by a group of teens in Toronto on Friday night.
Switzerland's Nemo wins 68th Eurovision Song Contest
Swiss singer Nemo won the 68th Eurovision Song Contest on Saturday night with 'The Code,' an operatic ode to the singer’s journey toward embracing their nongender identity.
Wildfire that forced evacuation of Fort Nelson, B.C., caused by tree falling on wires, mayor says
The wildfire that prompted the evacuation of more than 3,000 people near Fort Nelson, B.C., was caused by a tree falling on wires, according to the municipality's mayor.
Israel orders new evacuations in Gaza's last refuge of Rafah as it expands military offensive
Israel ordered new evacuations in Gaza's southern city of Rafah on Saturday, forcing tens of thousands more people to leave as it prepared to expand its military operation deeper into what is considered Gaza’s last refuge.
IN PICTURES Northern lights dance across the night sky in southern Ont.
From London, to Grand Bend, Collingwood and Guelph, here are some highlights of Friday night and Saturday morning's northern lights display.
Ron Ellis, who played over 1,000 games with Maple Leafs, dead at 79
Ron Ellis, who played over 1,000 games with the Toronto Maple Leafs and was a member of Canada's team at the 1972 Summit Series, has died at age 79.