- Published on
The federal government has announced a new $500 million 'Semiconductor Talent and Investment Fund' to attract highly skilled professionals and leading global companies to Canada. This initiative is a cornerstone of the recently unveiled national strategy aimed at bolstering the domestic microchip industry and securing critical supply chains. The fund will provide grants and incentives for both individuals and corporations to establish research, development, and advanced manufacturing operations in Canada. Officials state this move is crucial for Canada's long-term economic security and its position as a global leader in technological innovation.