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

  • On the Path to $1 Million: Celebrating $815,509 Raised for Canada’s Children’s Hospitals

    On the Path to $1 Million: Celebrating $815,509 Raised for Canada’s Children’s Hospitals

    Gescan is proud to share an incredible milestone: since 2022—together with its customers, supplier partners, and employees—Gescan has raised $815,509 in support of children’s hospitals across Canada. Through its annual charity golf tournaments, branch-led fundraising events and generous employee contributions, this collective effort continues to make a meaningful difference for young children and their families. Read More…

  • Wesco Dartmouth Spends Day Giving Back at Feed Nova Scotia

    Wesco Dartmouth Spends Day Giving Back at Feed Nova Scotia

    In a recent LinkedIn post, Derek Kelly, the Senior Director of Safety of Wesco for Eastern Canada, thanked Jason Lock and Tim Rees for helping Wesco in giving back to the community by organizing the sorting of 1900kg of food to ensure the quality of the product was good and had not expired, so food… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound