“Roadmap to 2050: Canada’s Semiconductor Action Plan” envisions a thriving national semiconductor industry and modern economy; includes recommendations from over 100 stakeholders
MARKHAM, Ontario, November 23, 2021– (BUSINESS WIRE) – The Canadian 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, presents short, medium and long term recommendations for building the Canadian semiconductor industry. The action plan positions Canada as a global developer, manufacturer and supplier of semiconductor products integrated with our most innovative technologies, including electric vehicles, medical devices, consumer electronics, precision agriculture and more.
Drawing on data-driven insights from over 100 industry stakeholders, the report highlights Canada’s potential to develop a resilient semiconductor industry that will fuel economic growth. Despite the lag in major chip markets such as Taiwan, China, Israel and the United States, investing in a domestic semiconductor industry will allow Canada to better manage supply chain fluctuations, manage changing international relations and becoming a leader in emerging industries such as quantum computing. , artificial intelligence, battery production and clean technologies.
“Our Council was formed because we are in the midst of a global semiconductor shortage and the time to act now,” said Sarah Prevette, President of the Canadian Semiconductor Council and CEO of Future Design School. “Canada has local STEM talent, access to essential raw materials and a solid foundation in research, innovation and design. Today’s report is a roadmap on how we can seize the opportunity before us.
Presentation Roadmap to 2050: Canada’s Semiconductor Action Plan
The action plan makes recommendations based on four overarching objectives:
1. Strengthen and diversify the supply chain
In Canada and around the world, the urgent need for semiconductors is impacting production and supply. In order to consolidate the supply of critically needed chips, Canada must act quickly and in a unified manner. Businesses and industries must unite and secure our supply of imported chips, and at the same time justify the increase in domestic production.
2. Develop onshore manufacturing
Semiconductor manufacturing is expensive and time consuming. However, given the growing global demand for semiconductors, domestic production would bring enormous economic benefits to Canada. To achieve this: (1) we need to understand which semiconductors are most in demand and establish a business model for manufacturing these chips; (2) Canada’s environmental and political stability and international partnerships should be used to attract multinational semiconductor manufacturing partnerships; and (3) Canadian engineering talent needs to improve on the traditional manufacturing process and develop a more flexible approach.
3. Establish a unique specialization and brand for Canada
There are two key areas in which Canada can specialize in the semiconductor industry: (1) design and R&D, and (2) electric vehicles, batteries and sensors. These two broad areas lend themselves to Canada’s current expertise and top engineering talent. These two sectors are poised for significant growth, support a wide range of important national industries, and offer significant opportunities for Canada to establish itself as a vital hub for value chain innovation.
4. Foster innovation and support market development
Companies in the semiconductor industry require significant funding and can take years to scale and realize a return on investment. Due to the large and ongoing capital requirements throughout the life of a semiconductor business, Canadian venture capital firms and angel investors alone cannot provide sufficient financing. Therefore, a combination of public partnerships, programs and incentives is needed to support the growth of the Canadian semiconductor industry.
Arun Iyengar, CEO of Untether AI, a Canadian maker of AI chips, which recently raised $ 125 million for its expansion and product development in Canada, participated as one of the speakers on the industry. In the report, he comments, “Even in the United States, until 2016, if you were a microchip company, no VC would really speak to you and you would have to operate on a shoestring budget for a long time. AI has changed. all of this and 5G have the potential to do the same. Both have brought renewed attention to what I call “the golden age of silicon” because it has been a while since there has been this renewed interest in silicon. “
A strong semiconductor strategy in Canada has the potential to generate a multitude of economic and employment opportunities, provide national solutions to meet vital supply chain needs, and support a wide range of businesses. and service providers.
“Achieving such an ambitious vision that enables Canada to leap forward and establish unmistakable leadership in the global semiconductor supply chain requires a long-term commitment from the public sector, the private industry and the wider ecosystem, ”says Melissa Chee, vice president of the Semiconductor Council and CEO of ventureLAB. “Now is the time for Canada to show the world that we have the brightest minds, significant capital and compelling government policies to modernize and sustain our most important economic and resource-based sectors – those that depend heavily on semiconductors and are essential to building a resilient economic recovery and long-term sustainable growth. “
The founding members of the Canadian Semiconductor Council include Sarah Prévette, president, Angel Investor, CEO Future Design School; Melissa Chee, Vice-President; President and CEO, ventureLAB; Kevin o’neil, Corporate Vice President and General Manager, AMD Canada; and Salim Teja, partner, Radical Ventures.
To download the summary or full report, visit here. To learn more about the Canadian Semiconductor Council, visit www.canadassemiconductorcouncil.com.
Additional quotes from the Canadian Semiconductor Council:
“We are looking for a unique opportunity to build a hugely successful industry from scratch. To get there, our technology leaders of the future need major investments now – and from several sources. We need a holistic approach to give our local talent every chance to develop and flourish right here in Canada. If we get the right results, our economy will benefit in countless and unforeseen ways. “- Salim Teja, Partner, Radical Ventures.
“The term ‘Made in Canada’ carries a lot of weight around the world, and we in the advanced manufacturing industry should wear this badge with pride! We have all the expertise and resources to design the brains that underpin virtually all emerging technologies. With industries such as electric vehicles and battery production booming, establishing ourselves as a semiconductor design powerhouse is one of the smartest steps Canada can take. – Kevin O’Neil, Corporate Vice President and General Manager, AMD Canada
Quotes from industry stakeholders in the report:
“If you look at Korea or Israel, there is a very clear road to commercialization and that road to commercialization starts locally. I don’t think anyone in Canada who produced a chip has ever been able to sell to any of the big Canadian players, whether it be the military, the telecommunications companies, or any of them. . If you can create a market locally, you can generate more money from venture capitalists. You can drive entire ecosystems. “ – Sally Daub, CEO and Founder, ViXS
“Countries like the UK, US and EU are all committing dollars now to bringing silicon production to land so they have control of at least part of their supply chain. There’s not a word from Canada about it. It’s a barrier. ” – Tony Pialis, Co-Founder and CEO, Alphawave
“Countries like China, South Korea and the United States regard advanced semiconductors as fundamental to national security. The potential crisis for Canada is a situation where semiconductors are becoming a national security issue. From a manufacturing perspective, we have minimal infrastructure to support this. – Ron Glibbery, CEO and Founder, Peraso
On Roadmap to 2050: Canada’s Semiconductor Action Plan
Formed in May 2021, the Canadian Semiconductor Council has engaged with over 100 key industry stakeholders from across Canada to create Roadmap to 2050: Canada’s Semiconductor Action Plan. Stakeholders provided ideas and contributions either through 1: 1 interviews, panel discussions or through a survey. Stakeholders came from three distinct areas: (1) economic sectors (automotive, energy, minerals, life sciences, agriculture), (2) foundations (ecosystem, founders, talent, venture capital / investment) and (3) semiconductor supply chain (chip design, chip manufacturing, OEM products). The final report is a detailed roadmap for making Canada a leading semiconductor manufacturer by 2050.
About the Canadian Semiconductor Council
Launched in May 2021, the Canadian Semiconductor Council is an industry-led coalition formed to strengthen Canada’s semiconductor industry and supply chain resilience in the face of the global chip shortage. . Led by a select group of globally recognized Canadian founders, business leaders, chipmakers and investors, the board has a mandate to create and lead a National Semiconductor Strategy and Action Plan. To learn more, visit www.canadassemiconductorcouncil.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211123005566/en/