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Canada Pours $2.5 Billion into Advanced Semiconductor Packaging to Counter Global Supply Chain Risks
The federal government has announced a $2.5 billion investment aimed at establishing a domestic advanced semiconductor packaging industry. This strategic initiative seeks to reduce Canada's reliance on Asian supply chains for the critical final stage of chip manufacturing. The funding, part of a broader national strategy, will support facility construction, research and development, and talent acquisition. The move is a direct response to escalating geopolitical tensions and global efforts to onshore critical technology production, aiming to secure Canada's economic and national security in the highly competitive semiconductor landscape.