Ottawa, Quebec commit $100M for semiconductor capacity in Bromont, Que., 280 jobs [BNN Bloomberg (Canada)]
International Business Machines Corporation (IBM)
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Source: BNN Bloomberg
At a news conference Friday in Bromont, Que., Prime Minister Justin Trudeau announced that Ottawa will invest $59.9 million to help fund IBM Canada's semiconductor packaging facility in the town about 70 kilometres southeast of Montreal. The investment will also go toward the Bromont-based MiQro Innovation Collaborative Centre, a research group that tries to speed up the commercialization of components in digital technologies. The world, Trudeau said, is looking for dependable sources of products that spur economic growth, and he said semiconductors are one of the many products Canada can be trusted to deliver. "As we are in terms of energy, quantum computing, robotics … these are things that the world is increasingly looking for," he said, "reliable, strong responsible partners like Canada to be at the heart of it." Quebec, for its part, is offering IBM Canada $38.9 million in loans to help the company buy equipment, increase capacity at its Bromont plant, and create a new gen
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