{"id":49068,"date":"2024-07-09T12:01:40","date_gmt":"2024-07-09T11:01:40","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=49068"},"modified":"2024-07-09T12:01:40","modified_gmt":"2024-07-09T11:01:40","slug":"canada-invests-120m-to-support-semiconductor-manufacturing-and-commercialisation","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/canada-invests-120m-to-support-semiconductor-manufacturing-and-commercialisation\/49068\/","title":{"rendered":"Canada invests $120m to support semiconductor manufacturing and commercialisation"},"content":{"rendered":"<h2>The Canadian government has announced it will invest $120m to advance domestic semiconductor manufacturing and commercialisation capabilities.<\/h2>\n<p>Announced by Fran\u00e7ois-Philippe Champagne, Minister of Innovation, Science and Industry, Canada will finance $120m into a semiconductor project led by CMC Microsystems (CMC) worth over $220m.<\/p>\n<p>Funding will be provided via the <a href=\"https:\/\/ised-isde.canada.ca\/site\/strategic-innovation-fund\/en\" target=\"_blank\" rel=\"noopener\">Strategic Innovation Fund<\/a> to create a pan-Canadian network of leading stakeholders from an array of fields.<\/p>\n<p>These stakeholders will help support semiconductor design, manufacturing and commercialisation, as well as develop cutting-edge sensor technology.<\/p>\n<h3>Canada as a global semiconductor supplier<\/h3>\n<p>Canada is solidifying its position as a global leader in semiconductor supply, recognising their importance for security, economic growth, and technological advancement.<\/p>\n<p>Semiconductors are vital to Canadians&#8217; daily lives and are integral to innovations across numerous industries, including automotive, telecommunications, and low-carbon technologies.<\/p>\n<h3>The FABrIC network<\/h3>\n<p>The Fabrication of Integrated Components for the Internet&#8217;s Edge (FABrIC) network, supported by CMC, will enhance Canada&#8217;s semiconductor and smart sensor industries.<\/p>\n<p>This initiative will collaborate with CMC&#8217;s partners nationwide to:<\/p>\n<ul>\n<li>Develop a highly skilled talent pool<\/li>\n<li>Promote innovation in semiconductor manufacturing<\/li>\n<li>Provide Canadian businesses access to foundries<\/li>\n<\/ul>\n<p>Fran\u00e7ois-Philippe Champagne commented: &#8220;Semiconductors are at the centre of Canadians&#8217; daily lives and Canada&#8217;s economy.<\/p>\n<p>&#8220;We have an innovative semiconductor industry that continues to flourish in global markets and capitalise on an increasingly digital and green economy.<\/p>\n<p>&#8220;The creation of FABrIC through CMC will help support Canadian innovators, and I look forward to seeing how it expands our semiconductor industry while creating good jobs.<\/p>\n<p>&#8220;By investing in semiconductors today, we are investing in economic security and sustainability for all Canadians.&#8221;<\/p>\n<h3>Economic impact<\/h3>\n<p>Over the next five years, the FABrIC network aims to create nearly 325 highly skilled jobs and sustain around 440 positions throughout the project.<\/p>\n<p>This network will bolster domestic semiconductor production, enhancing North American competitiveness and supply chain resilience.<\/p>\n<p>FABrIC will not only support Canada&#8217;s economic growth but also foster national security and create quality middle-class jobs, ensuring a robust and resilient <a href=\"https:\/\/www.innovationnewsnetwork.com\/the-chips-act-the-us-response-to-semiconductor-supply-chain-challenges\/40074\/\">semiconductor supply chain across North America.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian government has announced it will invest $120m to advance domestic semiconductor manufacturing and commercialisation capabilities.<\/p>\n","protected":false},"author":15,"featured_media":49069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[830],"tags":[24128,24555],"acf":[],"yoast_head":"\n<title>Canada invests $120m to support semiconductor manufacturing<\/title>\n<meta name=\"description\" content=\"The Canadian government has announced it will invest $120m to advance domestic semiconductor manufacturing and commercialisation capabilities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.innovationnewsnetwork.com\/canada-invests-120m-to-support-semiconductor-manufacturing-and-commercialisation\/49068\/\" \/>\n<meta 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