Canada releases 106-page report to develop semiconductor 2050 plan
Latest update time：2021-11-24 10:26
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Recently, the Canadian Semiconductor Council released a comprehensive action plan aimed at transforming Canada into a leader in the $7 trillion global semiconductor market.
They said that as the global chip shortage continues to wreak havoc on Canada's supply chain and economy, their 106-page report titled "Roadmap to 2050: Canada's Semiconductor Action Plan" offers short-, medium- and long-term recommendations to build Canada's semiconductor industry.
According to the report, the action plan positions Canada as a developer, manufacturer and global supplier of semiconductor products 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 Canada’s potential to develop a resilient semiconductor industry to drive economic growth.
The report noted that despite lagging behind major chip markets such as Taiwan, mainland China, Israel and the United States, investing in the domestic semiconductor industry will enable Canada to better respond to supply chain fluctuations, manage changing international relations, and become a leader in emerging industries such as quantum computing, artificial intelligence, battery production and clean technology.
“Our Commission was formed because we are in the midst of a global semiconductor shortage, and now is the time to act,” said Sarah Prevette, Chair of the Canadian Semiconductor Council and CEO of the Future Design Institute. “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,” she further noted.
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. To support the much-needed supply of chips, Canada must act quickly and in unison. Companies and industries must come together to secure our supply of imported chips while creating the conditions for increased domestic production.
2. Develop local chip manufacturing
Manufacturing semiconductors is a costly and time-consuming endeavor. However, given the growing global demand for semiconductors, domestic production would bring tremendous economic benefits to Canada. To achieve this: (1) we must understand which semiconductors are in greatest demand and build business models to manufacture these chips; (2) we must leverage Canada’s environmental and political stability and international partnerships to attract multinational semiconductor manufacturing partnerships; and (3) Canadian engineering talent must improve upon traditional manufacturing processes and pioneer more flexible approaches.
3. Build a unique specialization and brand for Canada
Canada can focus on two key areas in the semiconductor industry: (1) design and R&D, and (2) electric vehicles, batteries, and sensors. These two broad areas fit well with Canada’s existing expertise and top engineering talent. Both sectors are expected to achieve significant growth, support a broad range of important domestic industries, and provide a significant opportunity for Canada to establish itself as a key innovation hub in the value chain.
4. Promote innovation and support market development
Companies in the semiconductor industry require significant capital and may take years to scale and see returns. Because there are significant and ongoing funding needs throughout the life cycle of semiconductor companies, Canadian venture capital and angel investors alone cannot provide sufficient funding. Therefore, a combination of public partnerships, programs and incentives are needed to support the growth of Canada's semiconductor industry.
Arun Iyengar, CEO of Canadian AI chipmaker Untether AI, which recently raised $125 million for expansion and product development in Canada, is one of the industry stakeholders involved. In the report, he commented: “Even in the U.S., before 2016, if you were a chip company, no VC would really talk to you, and you would have to operate on small amounts of money for a long time. AI has changed all that, and 5G has the potential to do the same. Both have refocused me on what I call the ‘golden age of silicon,’ because the interest in silicon has been there for a while.”
The report says Canada's robust semiconductor strategy has the potential to create significant economic and job opportunities, provide domestic solutions to important supply chain needs, and support a large number of businesses and service providers.
“Achieving such an ambitious vision, one that enables Canada to leapfrog and establish undisputed leadership in the global semiconductor supply chain, requires long-term commitment from the public sector, private industry and the broader ecosystem," explained Melissa Chee, Vice President of the Canadian Semiconductor Council and CEO of VentureLAB. "Now is the moment for Canada 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 – sectors that are highly dependent on semiconductors and are critical to building a resilient economic recovery and sustainable long-term growth.”
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