Grants and Contributions:

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Title:

819955

Agreement Number:

819955

Agreement Value:

$35,000,000.00

Agreement Date:

Mar 14, 2024 - Dec 31, 2042

Description:

This project is called "Fill the Factory" and is an integral part of developing the "Northeast Semiconductor Corridor" and consists of significantly increasing capacity in the semiconductor field using existing manufacturing space at the Bromont factory. The project’s work phase is scheduled to end on March 31, 2028.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The investment will allow the company to expand domestic semiconductor manufacturing capabilities for use across a diverse range of applications including telecommunications, high performance computing, and automotive sectors.

Location:

Markham, Ontario, CA L6G1C7

Reference Number:

033-2023-2024-Q4-819955

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

102444452

Recipient Type:

For-profit organization

Additional Information:

Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from (31/12/2039) to the current end date of (31/12/2042). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period. The original start date was updated to reflect the correct execution date.

Amendment Date

Jun 30, 2026

Recipient's Operating Name:

IBM Canada Limited - IBM Canada Ltée

Recipient's Legal Name:

IBM Canada Limited - IBM Canada Ltée

Federal Riding Name:

Brome--Missisquoi

Federal Riding Number:

24016

Program:

SIF Stream 2 - Growth

Program Purpose:

Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services; Facilitate the growth and expansion of firms in Canada; Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

339900

Amendments:

See Amendments