Grants and Contributions:
Title:
Increase in complex semiconductor product assembly capacity in North America
Agreement Number:
819955
Agreement Value:
$35,000,000.00
Agreement Date:
Apr 3, 2023 - Dec 31, 2039
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 our Bromont factory
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 L3R9Z7
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:
This is a fully repayable contribution
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 Stream2- 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