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IBM is set to invest over $730 million expand its Canadian semiconductor packaging and testing plant. The expansion aims to enhance supply chain resilience and create skilled jobs.

The investment is expected to take place over the next five years, ending in 2029, with a focus on advanced semiconductor components. The initial phase will create 280 jobs.

The first stage is an investment worth C$187 million ($137 million) — including an IBM partner, the MiQro Innovation Collaborative Centre — that will expand the existing Quebec plant and build a research and development lab. Canadian and Quebec governments to provide around $73 million (C$100m) for the first phase.

Canada, a "fabless" G7 nation with skills but no large-scale chip factory, focuses on specialized chip capabilities for sectors like aerospace and healthcare.

"Today's announcement is a massive win for Canada and our dynamic tech sector. It will create high-paying jobs, invest in innovation, strengthen supply chains, and help make sure the most advanced technologies are Canadian-made. Semiconductors power the world, and we're putting Canada at the forefront of that opportunity," said the Right Honourable Justin Trudeau, Prime Minister of Canada.

Editor：Lulu

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