Thursday, March 10th 2022
Canada is the Next Nation That is Getting Ready to Invest in the Semiconductor Industry
The Canadian government is getting ready to invest C$240 million (about US$187 million) into what the country calls the Semiconductor Challenge Callout. C$90 million of that will go towards the Canadian Photonics Fabrication Centre (CPFC), which is as the name implies, a facility that engineers and manufactures a range of photonics products, mostly on the prototyping level. The remaining C$150 million is up for grabs through the Strategic Innovation Fund, which is a government fund set up to help Canadian companies grow.
François-Philippe Champagne, the Canadian Minister of Innovation, Science and Industry is quoted as saying "By investing in Canada's semiconductor industry, we are making a firm commitment to businesses looking to invest in Canada. Whether it's high-value or large-scale manufacturing, we want to see Canada be home to the world's leading semiconductor manufacturers.". Exactly which companies will be asking for a share of the money is currently up in the air, but according to The Register, the Canadian government is looking for a wide range of potential semiconductor related businesses. Some examples are 2.5D and 3D chip packaging, MEMS sensor manufacturing and so on. None of this is compared to what the US, EU, Taiwan, Korea and the PRC are currently working on, but it could very well end up being supplemental to much of what's going on in the US semiconductor market right now.
Sources:
Government of Canada, via The Register
François-Philippe Champagne, the Canadian Minister of Innovation, Science and Industry is quoted as saying "By investing in Canada's semiconductor industry, we are making a firm commitment to businesses looking to invest in Canada. Whether it's high-value or large-scale manufacturing, we want to see Canada be home to the world's leading semiconductor manufacturers.". Exactly which companies will be asking for a share of the money is currently up in the air, but according to The Register, the Canadian government is looking for a wide range of potential semiconductor related businesses. Some examples are 2.5D and 3D chip packaging, MEMS sensor manufacturing and so on. None of this is compared to what the US, EU, Taiwan, Korea and the PRC are currently working on, but it could very well end up being supplemental to much of what's going on in the US semiconductor market right now.
30 Comments on Canada is the Next Nation That is Getting Ready to Invest in the Semiconductor Industry
Take off, eh?
We can't even build a petroleum plant on budget and on time.
Our major production of semiconductors and or general tech was Nortel and I remember when that went bust. I ended up cleaning out one of their warehouses to make way for another company. Everyone at the end stole whatever wasn't bolted to the ground.
It's better late than never and this is a market which will not only be growing for the foreseeable future, but is quickly becoming a strategic asset. Canada's primary economic sector is petroleum industries and forestry, so not very future-proof. For the last several years they're investing heavily in science and technology so going for semiconductors is fitting.
When states or countries don't have a lot of manufacturing is because of Robbinhood policies that either tax them to death or expensive red tape constructing plants
A fund like this or more than half looks more like fluff money for their buddies to funnel to so called "legally" :laugh:
Canada is famous for having two of the largest tech companies in the world, Nortel and Blackberry, both of which went bankrupt and caused me to make about zero dollars in Canadian stocks for 8 years. Our government just bought a pipeline 5 years ago or whatever, now it is going to cost 3x more to finish and we still have no new pipeline. Canada was destroying our oil and gas industry at the same time as wasting government money on it trying to support it also.
As a Canadian, this country does have to do something to get industry/manufacturing/etc. going again. Once the minerals are mined out and the oil pumped out, won't be anything left but trees and water. It's too bad our petroleum and mining and forestry industries/sectors are not set up like Norway's StatOil, and it's also too bad our government is not as transparent as the Nordic countries are.
Hopefully something positive comes of this and it's not money down the drain.
There is no real leader here and it's the government involved in this. Want to see our track record? Take a look at Winnipeg as a great example. Like around 1997 time. Or what about: Bombardier, Nortel, Blackberry just to name a few?
We went from being a rather strong diversified economy to now relying on resources and automotive. We import petrol at market price from the US while we sell them oil at a discount. I wonder if that same oil is being refined and sold back to us at market? How funny would that be.
So there is a reason to be cynical.
Trudeau may be a joke, but compared to that fwit that came before him he's miles better. If those scum get back in you'll see the country become a pariah state as the world isolates them for their fossil fuel insanity, just as we have in Australia.
I think this is a good thing for Canada. We need more fabs in North America so we don't have to depend on China so much.
But knowing who can actually go there, I'd say 'GG y'all'. Carpe diem.World is quite smaller than most people believe it to be. Everyone depend on everyone. Humanity's only hope is for the people to realize that the way forward is only when we are together, one in our differences.
Then again...
There is already small semiconductor industry in Québec mostly doing CCD so we might not start totally from scratch.
en.wikipedia.org/wiki/BlackBerry_Limited
With friends like America, who needs enemies.