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Sunshine (she/her)@lemmy.ca to Canada@lemmy.caEnglish · 25 days ago

Canada plows another $210M into IBM’s Quebec chip plant - The Logic

thelogic.co

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Canada plows another $210M into IBM’s Quebec chip plant - The Logic

thelogic.co

Sunshine (she/her)@lemmy.ca to Canada@lemmy.caEnglish · 25 days ago
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The federal Strategic Innovation Fund is backing the next phase of the tech giant’s upgrades to the facility as it expands capacity for advanced semiconductor packaging.
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  • Grabthar@lemmy.world
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    25 days ago

    Why keep posting from this hard paywall site? If you have a sub, please post the article.

    • Shadow@lemmy.ca
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      25 days ago

      https://archive.is/obwis

    • HellsBelle
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      25 days ago

      It opens for me using DDG.

  • zipzoopaboop@lemmynsfw.com
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    25 days ago

    What does ibm even do nowadays

    • k_rol@lemmy.ca
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      24 days ago

      They make tons of money in mainframe and consulting.

      • sbv
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        24 days ago

        They’re still earning gazillions from patents, aren’t they?

        • k_rol@lemmy.ca
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          24 days ago

          Oh probably

    • morbidcactus@lemmy.ca
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      23 days ago

      They seem to buy a lot, bought Hashicorp (terraform) recently, redhat was like 6 years ago now.

      People I know there though, they work in the consulting arm.

  • Daryl@lemmy.caBanned
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    19 days ago

    Removed by mod

  • ImmersiveMatthew
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    25 days ago

    But IBM is an American company? Why is Canada now plowing $210M into Canadian chip companies/startups. Chips is the new oil.

    • TribblesBestFriend@startrek.website
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      25 days ago

      It is explained in the article. IBM Bromont is in Canada since 72 and since the Biden administration is trying to flee Taiwan for fear of the Chinese

      • sbv
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        24 days ago

        Isn’t that accounting tomfoolery? They may be a separate legal entity, but aren’t they wholly owned by the mother corp in the US? As such, profits and IP would flow directly back to the US, wouldn’t they?

        • TribblesBestFriend@startrek.website
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          24 days ago

          Yes, absolutely. But since they’re here the gouv probably didn’t bother finding someone else to denazifyAmericanize

      • ImmersiveMatthew
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        24 days ago

        Xerox has been in Canada even longer but they are still an American company regardless. Just like Nintendo of America is still a Japanese company.

  • kandy4me@lemmy.ca
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    23 days ago

    Plows

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