Friday, October 24, 2025

Latest

Canadian Governments To Provide $100 Million To IBM

The Canadian and Quebec governments are injecting close to $100 million into semiconductor manufacturing, doubling down on the vital but capital-intensive industry despite questions over subsidizing private companies.

At an announcement in Bromont on Friday, Prime Minister Justin Trudeau revealed $59.9 million in federal funding for IBM Canada’s semiconductor packaging facility and a local research center. Quebec is additionally providing $38.9 million in loans to IBM for equipment and expanded capacity.

The investments aim to boost domestic production of semiconductors, which power everything from AI to quantum computing and have been in short supply globally. Trudeau framed it as making Canada a “reliable, strong, responsible partner” for in-demand tech products.

Subsidizing Private Profits?

However, critics argue that such government handouts simply subsidize the profits of deep-pocketed multinationals like IBM. The tech giant reported $7.5 billion in net income last year and has been manufacturing in Bromont for decades.

Quebec’s $32 million “forgivable loan” for IBM’s new equipment has also raised eyebrows, as it amounts to a grant with unclear conditions attached. The remaining $7 million loan is for automating an assembly line.

Proponents argue the investments will create 280 new jobs in the Bromont region and help secure Canada’s place in the semiconductor supply chain. IBM called it establishing an “innovation corridor” linking its New York and Quebec operations.

But with semiconductor manufacturing highly globalized, there are no guarantees the jobs won’t eventually move elsewhere. And with public funds involved, the returns for Canadians remain uncertain.


Information for this briefing was found via Bloomberg and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

IBM Halts X Advertising After Ads Appeared Alongside Pro-Hitler Content

IBM (NYSE: IBM) has swiftly halted all advertising on Elon Musk-owned X following a report...

Friday, November 17, 2023, 11:53:00 AM

Québec Wants To Return To Nuclear Power

In a bid to bolster electricity generation within Quebec, Hydro-Québec is mulling over a return...

Friday, August 11, 2023, 01:28:00 PM

Canada Might Get Sanctioned by the US Over Quebec’s Controversial Bill 96

The US government is quietly discussing the possibility of imposing trade sanctions on Canada over...

Saturday, June 15, 2024, 01:24:00 PM

Quebec Doesn’t Want New York’s Migrants

New York City has been sending a record number of migrants to Canada, sparking concern...

Thursday, February 16, 2023, 06:07:00 AM

Quebec Health Inadvertently Tweets COVID Update Linked To Foot Fetish Porn Video

As the country faces another wave of rising COVID-19 cases, Quebec’s Ministry of Health and...

Tuesday, April 19, 2022, 10:14:00 AM