Investment in Semiconductor Industry: Canada is investing up to $210 million through the Strategic Response Fund to support a $662 million initiative aimed at expanding semiconductor packaging and commercialization at IBM Canada's Bromont site and the MiQro Innovation Collaborative Centre (C2MI).
Job Creation and Economic Growth: The project is expected to create 75 new highly skilled jobs and maintain over a thousand jobs in the Bromont region, contributing to significant economic growth in Quebec.
Strengthening Domestic Production: This investment is part of Canada's strategy to enhance domestic semiconductor production, particularly for AI and high-performance computing components, to bolster the competitiveness of the Canadian AI ecosystem.
Government Support for Manufacturing: François-Philippe Champagne, Minister of Finance and National Revenue, emphasized that the collaboration with IBM and C2MI will enhance Canada's manufacturing capabilities for next-generation semiconductors, ensuring a reliable supply for businesses and consumers.
Wall Street analysts forecast EWC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast EWC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 55.020
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Current: 55.020
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
