ICTC convened a consortium of stakeholders in Canada's semiconductor industry to develop a set of recommendations for the Department of Finance's pre-budget consultations ahead of the 2025 federal budget. ICTC was joined by Canada’s Semiconductor Council (CSC), CMC Microsystems (CMC), the Semiconductor Ecosystem Centre for Training and Research (SECTR), and ventureLAB to develop the following recommendations to grow and protect Canada’s semiconductor advantage:
- Recommendation 1: That Canada invests in targeted, industry-informed, applied training and workforce development initiatives to address talent gaps in the regional semiconductor industry.
- Recommendation 2: That Canada make strategic investments in the domestic commercialization of its semiconductor industry by protecting the industry’s intellectual property, which may be vulnerable to foreign buyers due to limited domestic capital availability.
- Recommendation 3: That Canada invest in domestic semiconductor research, development, design, and commercial fabrication facilities, and enable increased collaboration with partners to strengthen and secure Canada’s semiconductor supply chain and capitalize on growing global demand for semiconductor outputs.
