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The
news came as U.S. President Joe Biden, who is visiting Canada,
issued a joint pledge with Canadian Prime Minister Justin
Trudeau to stand together against authoritarian regimes in part
by reducing their dependence on other countries for critical
minerals and semiconductors.
The Canadian government will spend C$250 million ($181.94
million) on its domestic semiconductor industry to boost
research and development and manufacturing, the prime minister's
office said in a statement.
In a joint statement, the two leaders said IBM would provide "a
significant investment to develop new and expanded packaging and
testing capabilities at its Bromont facility (in Quebec) as part
of a Memorandum of Understanding."
The countries did not disclose the amount of IBM's investment in
Canada.
IBM maintains semiconductor research and manufacturing
operations in upstate New York. Last year, the company said it
plans to invest $20 billion in New York's Hudson Valley region,
once a manufacturing powerhouse, over the next decade to make
and develop semiconductors, mainframe technology, artificial
intelligence and quantum computing.
($1 = 1.3741 Canadian dollars)
(Reporting by Stephen Nellis in San Francisco; Editing by
Richard Chang)
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