Ottawa and Quebec Pledge $100M to Expand Semiconductor Capacity

Semiconductor chips on a printed circuit board in an illustration picture taken on Feb. 17, 2023. Florence Lo/Illustration/Reuters

Ottawa and Quebec are spending nearly $100 million to increase the country’s manufacturing capacity for semiconductors while adding new manufacturing capacity for an IBM Canada plant.

Ottawa will invest $59.9 million to help fund IBM Canada’s semiconductor packaging plant in Bromont, Que., Prime Minister Justin Trudeau told reporters in the small town located 70 kilometres southeast of Montreal.