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The federal and Ontario governments, in partnership with a consortium of private tech firms, have announced a $1.8 billion investment to establish the Canadian Centre for Advanced Semiconductor Innovation in Waterloo. The hub aims to position Canada as a leader in next-generation chip design, advanced packaging, and compound semiconductors. This strategic move is part of a broader national effort to secure critical supply chains, reduce reliance on foreign manufacturing, and fuel innovation in key sectors like automotive, telecommunications, and aerospace, creating an estimated 1,200 high-skilled jobs over five years.