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IBM to expand to Canada, form a bilateral Semiconductor Manufacturing corridor

The United States and Canada said on Friday that they will work together to establish a bilateral Semiconductor Manufacturing corridor, while International Business Machines has indicated its desire to expand in Canada.

The news came as U.S. President Joe Biden, who is visiting Canada, along with Canadian Prime Minister Justin Trudeau pledged to act together against authoritarian regimes, including by making them less dependent on other countries for essential minerals and semiconductors.

The Canadian government will spend $ 250 million (€181.94 million) on its domestic semiconductor industry to boost research and development and manufacturing, the prime minister’s cabinet said in a statement.

In a joint statement, the two leaders said that IBM will “make a significant investment to develop new and expanded packaging and testing capabilities at its plant in Bromont (in Quebec) as part of a memorandum of understanding”.

The countries did not disclose the amount of IBM’s investment in Canada.

IBM has semiconductor research and manufacturing operations in New York state. Last year, the company said it plans to invest $ 20 billion over the next ten years in New York’s Hudson Valley region, once a major manufacturing center, to create and develop semiconductors, mainframe technology, artificial intelligence and quantum computing.

About the author: Christy Olsen

Christy Olsen, a young author who followed in her father's footsteps and took up journalism at school. She often introduces a lot of subjective things into his texts, always tries to state the essence and give a proper assessment.

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