Ranovus, an Ottawa-based semiconductor company, is investing over $100 million to expand its manufacturing facility. The project announced today is supported by Invest Ontario, which will provide up to $2 million through the Invest Ontario Fund.
This expansion will lead to the creation of 125 new high-value jobs, more than doubling the company’s current workforce. The project strengthens Ontario’s role in the AI hardware supply chain and boosts local manufacturing capacity.
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Ranovus develops optical interconnects—tiny semiconductor chips that use light instead of electricity to transfer data between computer components. These chips are key to running large AI and machine learning systems used in modern data centres.
With this new investment, Ranovus will:
The company’s chips help reduce power usage and improve performance in data centres — something that’s increasingly important as AI technologies grow.
This project...
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