IBM Plots $730 Million Expansion of Canada Semiconductors (2)

April 26, 2024, 5:49 PM UTC

International Business Machines Corp. will expand its Canadian semiconductor packaging and testing plant with more than C$1 billion ($730 million) in investments over the next five years.

Focused on advanced semiconductor components, IBM’s 800-acre site in Bromont, Quebec, about 50 miles east of Montreal, is the largest of its kind in North America, and home to Canada’s first universal quantum computer.

Packaging, a technical process in which chips are transformed into microelectronic components, is an essential part of the supply chain and requires a skilled workforce. There’s very little semiconductor packaging capacity on the continent, and most of it is ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.