Canada's Semiconductor Council Releases Action Plan; Aims to Build Chip-Fuelled Economy by 2050
Canada's Semiconductor Council releases a comprehensive action plan to transform Canada into a leader in the US$7 trillion global semiconductor market. As the global chip shortage continues to wreak havoc on Canada's supply chain and economy, the 106-page report, titled Roadmap to 2050: Canada's Semiconductor Action Plan, lays out short-term, medium-term, and long-term recommendations to build Canada's semiconductor industry. The action plan positions Canada to be a developer, manufacturer, and global supplier of the semiconductor products that are embedded in our most innovative technologies, including electric vehicles, medical devices, consumer electronics, precision agriculture and more.
Drawing on data-driven insights from more than 100 industry stakeholders, the report highlights the potential Canada has to develop a resilient semiconductor sector that will fuel economic growth. Despite lagging behind major chip markets such as Taiwan, China, Israel, and the U.S., investing in a domestic semiconductor industry will enable Canada to better navigate supply chain fluctuations, manage shifting international relations, and become a leader in emerging industries such as quantum computing, artificial intelligence, battery production, and clean tech.
"Our Council formed because we're in the midst of a global shortage of semiconductors and the time to act is now," says Sarah Prevette, Chair of Canada's Semiconductor Council and CEO Future Design School. "Canada has homegrown STEM talent, access to critical raw materials, and a strong foundation in research, innovation, and design. Today's report is a roadmap for how we can seize the opportunity before us."
Introducing Roadmap to 2050: Canada's Semiconductor Action Plan
1. Strengthen and Diversify the Supply Chain
2. Develop Onshore Manufacturing
3. Establish a Unique Specialization and Brand for Canada
4. Foster Innovation and Support Market Development
Arun Iyengar, CEO of Untether AI, a Canadian AI chip manufacturer, which recently raised $125M for its expansion and product development in Canada, participated as one of the industry stakeholders. In the report, he comments: "Even in the US, up until around 2016, if you were a chip company, no VC would really talk to you and you'd have to operate on a shoestring for a long time. AI has changed all that and 5G has the potential to do the same. Both have brought in a renewed focus on what I call 'the golden age of silicon' back again, because it's been a while since there has been this resurgence of interest in silicon."
A robust semiconductor strategy in Canada has the potential to generate a wealth of economic and employment opportunities, provide domestic solutions to address vital supply chain needs, and support a huge array of businesses and service providers.
"Achieving such an ambitious vision that enables Canada to leapfrog and establish undisputable leadership in the global semiconductor supply chain requires a long-term commitment from the public sector, private industry, and the broader ecosystem," explains Melissa Chee, Vice-Chair of Canada's Semiconductor Council and CEO of ventureLAB. "This is Canada's moment to show the world that we have the brightest minds, significant capital, and attractive government policies to modernize and future-proof our most prominent resource-based and economic sectors - those that are highly dependent on semiconductors and key to building a resilient economic recovery and sustainable, long-term growth."
Founding members of Canada's Semiconductor Council include Sarah Prevette, Chair, Angel Investor, CEO Future Design School; Melissa Chee, Vice-Chair; ??President & CEO, ventureLAB; Kevin O'Neil, Corporate Vice President and Managing Director, AMD (News - Alert) Canada; and Salim Teja, Partner, Radical Ventures.
Additional Quotes from Canada's Semiconductor Council:
"Around the world, the term 'Made in Canada' carries a lot of weight, and we in the advanced manufacturing industry need to wear that badge with pride! We have all of the expertise and resources needed to design the brains that underpin virtually all emerging technologies. With industries such as electric vehicles and battery production absolutely taking off, establishing ourselves as a semiconductor design powerhouse is one of the smartest moves Canada could make." - Kevin O'Neil, Corporate Vice President and Managing Director, AMD Canada
Quotes from Industry Stakeholders in the report:
"Nations like the UK, US, and the EU are all committing dollars now to bringing silicon manufacturing production on-shore so that they have control of at least part of their supply chain. There's not a peep coming out of Canada on this. It's a barrier." - Tony Pialis, Co-Founder and CEO, Alphawave
"Countries like China, South Korea, and the US view advanced semiconductors as fundamental to national security. The potential crisis for Canada is a situation where semiconductors become a national security issue. From a manufacturing perspective, we have minimal infrastructure to support that." - Ron Glibbery, CEO and Founder, Peraso
About Roadmap to 2050: Canada's Semiconductor Action Plan
About Canada's Semiconductor Council
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