Semi-Conductor Industry to Get Boost from Canadian Government

CEW Government of Canada Logo 400

March 1, 2022

By Owen Hurst

François–Philippe Champagne, minister of innovation, science and industry announced on February 28, 2022 that the Canadian Government will invest a total of $240 million into the semi-conductor industry to aid in research and manufacturing that are a critical component of Canada’s national security and technological advancement.

“By investing in Canada’s semiconductor 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.”

Semi-conductors, or chips, have been in high demand due to a shortage of semiconductors as a result of COVID-19 supply chain disruptions. As Champagne noted in his briefing the investment is focused on strengthening Canada’s position within the semi-conductor market.

Lets hope the investment comes quickly!

Related Articles


Changing Scene

  • Nedco Introduces Jay Frezell as New General Manager at Nedco West

    Nedco Introduces Jay Frezell as New General Manager at Nedco West

    Nedco has announced Jay Frezell as the new General Manager of Nedco West, effective August 1st, 2024. “Jay brings over 25 years of experience in the datacom, power quality, and wire & cable industries. His impressive track record of success in distribution, sales, and manufacturing equips him with a deep understanding of our industry’s challenges and opportunities,”… Read More…

  • OmniCable Hires Jeremy Crosby as National Account Manager

    OmniCable Hires Jeremy Crosby as National Account Manager

    Omni Cable LLC is proud to announce the appointment of Jeremy Crosby as National Account Manager. In this role, Crosby will oversee one of OmniCable’s national accounts. “As someone who prioritizes continuous improvement, I am excited to be a part of a culture that pushes boundaries while maintaining a standard of service and accountability that… Read More…


Peers & Profiles