IBM will invest in Canada, laying the foundation for the establishment of a bilateral semiconductor manufacturing corridor between the United States and Canada.

(Associated Press)

[Financial Channel/Comprehensive Report] Foreign media reported that the United States and Canada said on Friday (24th) that as International Business Machines Corporation (IBM) intends to expand in Canada, they will work together to establish a "bilateral semiconductor manufacturing corridor" to reduce Dependence on other countries for key minerals and semiconductors.

U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau pledged to stand together against authoritarian regimes and reduce reliance on other countries for critical minerals and semiconductors when they met.

At the same time, the Canadian Prime Minister's Office issued a statement stating that its government will invest 250 million Canadian dollars (approximately NT$5.494 billion) in the domestic semiconductor industry to promote research and development and manufacturing.

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As part of the memorandum, a joint statement from the United States and Canada noted that IBM will make a major investment to strengthen packaging and testing capabilities at its Bromont, Quebec, Canada plant.

But did not disclose the amount of IBM's investment in Canada.

IBM mainly operates semiconductor research and manufacturing operations in New York.

Last year, the company said it would invest $20 billion (approximately NT$613.1 billion) in New York's Hudson Valley region over the next 10 years to manufacture and develop semiconductors, mainframe technology, artificial intelligence and quantum computing. calculate.

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