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this post was submitted on 02 May 2025
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But IBM is an American company? Why is Canada now plowing $210M into Canadian chip companies/startups. Chips is the new oil.
It is explained in the article. IBM Bromont is in Canada since 72 and since the Biden administration is trying to flee Taiwan for fear of the Chinese
Isn't that accounting tomfoolery? They may be a separate legal entity, but aren't they wholly owned by the mother corp in the US? As such, profits and IP would flow directly back to the US, wouldn't they?
Yes, absolutely. But since they’re here the gouv probably didn’t bother finding someone else to de~~nazify~~Americanize
Xerox has been in Canada even longer but they are still an American company regardless. Just like Nintendo of America is still a Japanese company.