Official announcement from CMC Microsystems or Government of Canada

Canada Invests C$120M to Build National Chip Network, Boost Semiconductor Sector

Jul 4, 2024, 06:34 PM

Canada has announced a significant investment of C$120 million ($88.2 million) to build a national chip network and support semiconductor startups. The funding, spread over five years, aims to enhance the country's semiconductor sector, enabling it to compete more effectively on a global scale. The initiative, known as the FABrIC initiative, is powered by CMC Microsystems and funded by the Government of Canada. This investment will support research, training, and development within the Canadian semiconductor ecosystem. Ottawa's move comes amid growing calls for Prime Minister Trudeau to bolster the sector.