Investing In Leading-Edge Technology
McGuinty Government Supports Innovation And Creates Jobs In Ottawa
Ontario is helping an Ottawa company develop innovative, advanced wireless components, while creating 21 new high-value jobs and retaining 43 existing positions.
The province is supporting SiGe Semiconductor Inc.'s efforts to develop compact, energy-efficient components for the hand-held wireless market. The province is providing a $7 million grant from the Next Generation of Jobs Fund towards the project, which will help the company build upon its competitive edge, attract high-quality employees and be better positioned to enter new consumer markets.
This investment supports the province's five-year Open Ontario plan to create new job opportunities and help promote economic growth.
- Founded in 1997 as a National Research Council of Canada spin-off, SiGe Semiconductor Inc. is a privately-owned semiconductor company that designs and offers radio frequency solutions for next generation wireless applications, including voice, data and video.
- Along with the provincial contribution, SiGe Semiconductor Inc. is investing $39.9 million in the project, for a total cost of $46.9 million over five years.
- As a result of business tax cuts and the move to a harmonized sales tax, the tax on business investment in Ontario is being cut in half, making Ontario businesses more competitive.
“Ontario is a leader in innovation and new technology. We need to continue to turn our research excellence into products and services that can be sold worldwide. Today's announcement gives SiGe Semiconductor and Ontario's ICT sector a boost as they compete in the rapidly growing hand-held electronics market.”
“Our government is partnering with companies that are aiming for growth and success. Committed and innovative businesses like SiGe Semiconductor Inc. contribute to the regional economy and help build Ontario's future.”
“With support from the McGuinty government, our company will gain an important foothold in the ever-growing, global hand-held wireless market. This investment will help diversify our product line, expand our Ottawa-based team and further develop our staff's technical know-how.”