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US and Canada plan North American chip corridor starting with IBM expansion | – #Canada #plan #North #American #chip #corridor #starting #IBM #expansion

March 24 (Reuters) – USA and Canada said on Friday they would work together to create a two-way semiconductor manufacturing corridor as International Business Machines ( IBM.N ) announced plans to expand in Canada.

News Visiting Canada USA It’s time for President Joe Biden to jointly pledge with Canadian Prime Minister Justin Trudeau to stand together against authoritarian regimes by partially reducing its dependence on other countries for critical minerals and semiconductors.

The Canadian government is investing C$250 million ($181.94 million) in the domestic semiconductor industry to boost research, development and production. dollars), the prime minister’s office said in a statement.

In a joint statement, the two leaders said that IBM “will make significant investments to develop new and expanded packaging and testing capabilities at the Bromont (Quebec) facility as part of the Memorandum of Understanding.”

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

IBM has semiconductor research and manufacturing operations in upstate New York. Last year, the company moved to New York’s Hudson Valley region, once a manufacturing hub, to develop and develop semiconductors, mainframe technology, artificial intelligence and quantum computing for the next decade. 20 billion dollars said that he plans to invest.

($1 = 1.3741 Canadian dollars)

Reporting by Stephen Nellis in San Francisco; Edited by Richard Chang

Our standards: Thomson Reuters Trust Principles.

2023-03-26 09:15:36
Source – reuters

Translation“24 HOURS”

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