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The federal and Ontario governments have announced a joint $4.8 billion investment to establish a National Semiconductor Research and Innovation Centre (NSRIC) in the Toronto-Waterloo technology corridor. The initiative aims to bolster Canada's domestic chip capabilities, secure critical supply chains, and foster innovation in advanced semiconductor design and manufacturing. This move is a cornerstone of Canada's broader strategy to compete in the high-stakes global technology race, focusing on developing specialized talent and intellectual property to reduce reliance on foreign suppliers for essential electronic components.