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Global Commodity Intelligence
Q2 2025 | APRIL - JUNE
Global Commodity Intelligence
Q2 2025 | APRIL - JUNE
Alert: Canada's Strategic Investments in the Semiconductor Industry: Strengthening a Global Position
The global semiconductor industry is experiencing significant growth and transformation. Driven by the increasing demand for electronic devices, advancements in AI, and digitalization, the semiconductor market is projected to expand rapidly in the coming years.
Amidst this dynamic global landscape, Canada is taking proactive steps to strengthen its position in the semiconductor industry. The Canadian government has announced substantial R&D investments. Initiatives like the AI Compute Access Fund and establishing an AI safety institute demonstrate Canada's commitment to fostering innovation and ensuring the responsible development of AI technologies.
A prime example is the launch of the FABrIC initiative, a partnership between CMC Microsystems and Innovation, Science, and Economic Development Canada (ISED), with a budget of USD 220 million. FABrIC focuses on enhancing talent, innovating manufacturing processes, and improving access to foundries. It is designed to advance semiconductor and intelligent sensor technologies, potentially boosting North American competitiveness and supply chain resilience.
One of the biggest issues in growing the semiconductor business is the lack of engineers and technical people to support all the new jobs and factories. The FABrIC initiative is expected to enable the training of 25,000 students and 1,000 professors over five years, addressing this critical need and significantly benefiting the growing labor gap within the global semiconductor industry.
While still developing, Canada's semiconductor sector is strengthened by companies like GaN Systems and Alphawave IP, as well as startups such as Ranovus and CMC Microsystems. This collective effort is driving forward not just the semiconductor industry but also sectors like automotive, healthcare, ICT, aerospace, defense, and renewable energy.
By developing a strong semiconductor ecosystem, Canada aims to not only meet the growing domestic demand but also position itself as a reliable supplier in the global market, enhancing its economic resilience and industry-wide innovation.
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