Tech Organizations Urge Canada to Boost Semiconductor Industry Amid Global Competition

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Tech Organizations Urge Canada to Boost Semiconductor Industry Amid Global Competition

A group of technology organizations in Canada is urging the federal government to bolster the country’s semiconductor industry to prevent talent and businesses from moving elsewhere. The Semiconductor Industry Leadership and Innovation Canada Action Network (SILICAN) noted the rapid growth of artificial intelligence and advancements in quantum computing as reasons for Canada to seize the opportunity and establish itself as a leader in the semiconductor field.

According to Benjamin Bergen, president of the Council of Canadian Innovators, waiting or sitting out on this opportunity is not an option. He emphasized the need for Canada to be smart and strategic in taking advantage of the once-in-a-lifetime opportunity presented by the semiconductor industry.

The council, along with several other organizations including CMC Microsystems, Deep Tech Canada, and Canada’s Semiconductor Council, is part of SILICAN. The group believes that Canada has strengths in compound semiconductor chips for high-powered machinery and advanced packaging. However, it acknowledges that it is challenging for a country to be a leader in all aspects of the semiconductor supply chain, and thus strategic focus is necessary.

Due to geopolitical tensions and the microchip shortage experienced during the COVID-19 pandemic, countries like the United States are now focusing on reshoring semiconductor businesses and talent. Canada does not have the same financial resources as the United States, but the SILICAN group believes that a strategic plan centered around the design components of chips could help Canada succeed.

The group is urging the government to prioritize funding for cost-effective manufacturing, increase capital availability for scaling companies in the sector, and support the development and retention of the semiconductor workforce. SILICAN suggests the creation of a dedicated office or strategy table for chips policy within the country to ensure a coordinated effort in expanding and supporting commercial operations. Additionally, funding, addressing gaps in capital and research, attracting workers to the industry, and offering more semiconductor-related scholarships, co-ops, and internships are seen as important steps toward success.

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SILICAN warns that failure to act could result in Canada missing out on a significant part of the global economy. The semiconductor industry is forecasted to reach $1.3 trillion in sales by 2030. However, Benjamin Bergen is cautiously optimistic that the government is receptive to their concerns and will take swift action.

In conclusion, the tech organizations in Canada are rallying together to urge the federal government to boost the semiconductor industry. They believe that taking advantage of the current technological advancements and global competition is crucial for Canada’s success in the field. With the right strategic plan, funding, and support for the semiconductor workforce, Canada could position itself as a leader in this thriving industry.

Frequently Asked Questions (FAQs) Related to the Above News

What is the Semiconductor Industry Leadership and Innovation Canada Action Network (SILICAN)?

SILICAN is a group of technology organizations in Canada that is advocating for the bolstering of Canada's semiconductor industry. They aim to establish Canada as a leader in the field and prevent talent and businesses from moving elsewhere.

Why is it important for Canada to boost its semiconductor industry?

Canada needs to seize the opportunity in the rapidly growing semiconductor industry to stay competitive globally. Advancements in artificial intelligence and quantum computing make it crucial for Canada to establish itself as a leader in this field.

What are the strengths of Canada's semiconductor industry?

Canada has strengths in compound semiconductor chips for high-powered machinery and advanced packaging. These areas provide potential opportunities for Canada to excel in the semiconductor supply chain.

How does Canada plan to compete with countries like the United States in reshoring semiconductor businesses and talent?

Although Canada does not have the same financial resources as the United States, SILICAN suggests that a strategic plan focused on the design components of chips could help Canada succeed. By prioritizing funding, increasing capital availability, and supporting the semiconductor workforce, Canada aims to attract and retain businesses and talent in the industry.

What steps are SILICAN urging the Canadian government to take?

SILICAN is urging the government to prioritize funding for cost-effective manufacturing, increase capital availability for scaling companies in the sector, and support the development and retention of the semiconductor workforce. They also suggest the creation of a dedicated office or strategy table for chips policy within the country to ensure a coordinated effort in expanding and supporting commercial operations. Moreover, addressing gaps in capital and research, attracting workers to the industry, and offering more semiconductor-related scholarships, co-ops, and internships are seen as important steps toward success.

What could happen if Canada fails to act in boosting its semiconductor industry?

SILICAN warns that failure to act could result in Canada missing out on a significant part of the global economy. The semiconductor industry is expected to reach $1.3 trillion in sales by 2030. By not capitalizing on this opportunity, Canada could lose out to other countries and fall behind in technological advancements.

Is the Canadian government receptive to SILICAN's concerns?

Benjamin Bergen, president of the Council of Canadian Innovators, is cautiously optimistic that the government is receptive to their concerns and will take swift action. However, the ultimate response and actions taken by the government are yet to be determined.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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