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.
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?
But IBM is an American company? Why is Canada now plowing $210M into Canadian chip companies/startups. Chips is the new oil.
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
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?
Yes, absolutely. But since they’re here the gouv probably didn’t bother finding someone else to de
nazifyAmericanizeXerox has been in Canada even longer but they are still an American company regardless. Just like Nintendo of America is still a Japanese company.