IBM Cloud: IBM signs agreement with Canadian government to strengthen the country’s semiconductor industry

Apr 29, 2024 | Posted by Abdul-Rahman Oladimeji

IBM has signed an agreement with both the Quebec government and the Canadian government to strengthen the country’s semiconductor industry. Following this agreement,  IBM and the two governments invest C$187 million (US$137m) in the company’s Bromont plant in Quebec to bolster the country’s assembly, testing, and packaging capabilities.

“IBM has long been a leader in semiconductor research and development, pioneering breakthroughs to meet tomorrow’s challenges. With the demand for compute surging in the age of AI, advanced packaging and chiplet technology are becoming critical for the acceleration of AI workloads,” said Darío Gil, IBM SVP and director of research.

Prime Minister of Canada, Justin Trudeau, added: “Today’s announcement is a massive win for Canada and our dynamic tech sector. It will create high-paying jobs, invest in innovation, strengthen supply chains, and help make sure the most advanced technologies are Canadian-made. Semiconductors power the world, and we’re putting Canada at the forefront of that opportunity.”