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The Government of Canada has announced a new $500 million "AI Chip Accelerator Fund" to bolster domestic research, development, and manufacturing of specialized semiconductors for artificial intelligence. Managed by Innovation, Science and Economic Development Canada, the five-year initiative aims to reduce reliance on foreign supply chains and secure Canada's technological sovereignty. The fund will support startups and established firms in creating next-generation hardware, fostering a resilient national tech ecosystem. This strategic investment is a key component of Canada's broader plan to secure its position in the critical global AI industry.