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Semiconductor industry to be developed by Canada

Currently, Canada’s semiconductor sector includes over 100 home grown and multinational companies conducting research and development on microchips

To bolster manufacturing and research of chips that are crucial to national security and technological advancement, Canada will invest a total of C$240 million ($189 million) into its semiconductor industry, a federal minister said on Monday.

To develop and supply semi-conductors, François–Philippe Champagne, minister of innovation, science and industry, launched a C$150 million Semiconductor Challenge Callout fund. Another C$90 million has been allocated to the National Research Council of Canada’s Canadian Photonics Fabrication Centre. Photonics are used in telecommunication networks.

“By investing in Canada’s semi-conductor industry, we are making a firm commitment to businesses looking to invest in Canada,” Champagne said in a statement. “Whether it’s high-value or large-scale manufacturing, we want to see Canada be home to the world’s leading semiconductor manufacturers”.

Including medical equipment to automobile parts, semi-conductors often referred to as chips or microchips are used in variety of everyday devices. Several industries, from carmakers to mobile phone companies, around the world have been hit by a shortage of semi-conductors caused by COVID-19 supply-chain disruptions as well as soaring semi-conductor demand at consumer electronics companies.

That has led to manufacturers seeking out reliable supplies of chips to avoid disruption.

Champagne said the goal of this investment is to “strengthen Canada’s position in the industry.” Currently, Canada’s semiconductor sector includes over 100 home grown and multinational companies conducting research and development on microchips.

Also readCIO News interviews Shri Wangki Lowang, Minister (IT) of Arunachal Pradesh

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khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

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