News Summary

Federal, Québec, and Ontario governments have pledged substantial financial support to US chipmakers IBM and Marvell for semiconductor projects in Canada. The federal and Québec governments will fund IBM’s semiconductor assembly plant in Bromont, Québec, with up to $405 million over five years, enhancing its semiconductor packaging capabilities. This builds on a previous $85 million investment. Ontario’s government has committed up to $17 million to Marvell Technology for its expansion in Ottawa and the Greater Toronto Area, expected to create up to 350 jobs. Despite past criticism for favoring foreign multinationals, these investments aim to bolster Canada’s semiconductor supply chain and technological leadership.