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Manufacturing

Canada to invest $240M to develop semiconductor industry

Microchip Reuters
Currently, Canada's semiconductor sector includes over 100 homegrown and multinational companies conducting research and development on microchips. (REUTERS)
R
By:
Reuters
March 01, 2022 12:46 PM

Canada will invest a total of $240 million into its semiconductor industry to bolster manufacturing and research of chips that are crucial to national security and technological advancement, a federal minister said on Monday.

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