Tech group calls on feds to take action on boosting semiconductor industry

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A group of technology organizations is calling on the federal government to bolster Canada's semiconductor industry or risk talent and companies moving...

Ongoing sell-off in bonds and worries about Isreal-Hamas war escalation are weighing on the market, as it waits for Big Tech earnings.A group of technology organizations is calling on the federal government to bolster Canada's semiconductor industry or risk talent and companies moving elsewhere.

Bergen's council, along with CMC Microsystems, Deep Tech Canada, Canada’s Semiconductor Council, Alliance for Semiconductor Innovation Canada and Optonique are SILICAN members. Rounding out SILICAN are the U15 Group of Research Universities, Canadian Innovation Network and the Semiconductor Ecosystem and Centre for Talent and Research.

The U.S. is throwing plenty of money at ramping up production within its borders through the CHIPS Act."That's not how we're going to be successful at this. How we're going to be successful is having a strategic plan." Funding and addressing gaps in capital and research must come too, along with efforts to attract workers to the industry. SILICAN wants more semiconductor-related scholarships, co-ops and internships, and brainstorming around how to bring top technical talent to Canada.

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