Photonic Proposes CAD$500 Million Canadian Semiconductor Manufacturing Facility

Insider Brief

• Photonic’s proposed Project VANGUARD would establish a Canadian multi-tenant semiconductor manufacturing facility at an estimated cost of up to CAD$500 million — or about US$359 million.
• The facility would serve commercial and government customers in quantum computing, artificial intelligence, aerospace, defense, advanced sensing and semiconductor packaging.
• The project was selected for the Canada Investment Summit Prospectus and is intended to expand domestic manufacturing capacity, strengthen supply chains and create skilled jobs.

PRESS RELEASE — Photonic Inc. today announced Project VANGUARD, a proposal to establish a Canadian multi-tenant semiconductor manufacturing facility, anchored by Photonic.

Project VANGUARD has been selected for inclusion in the Canada Investment Summit Prospectus, a curated portfolio of nationally significant investment opportunities presented to global institutional investors, strategic partners, and allied governments.

With an estimated cost of up to $500 million CAD — about US$359 million, Project VANGUARD is envisioned as shared national semiconducting manufacturing infrastructure. The proposed facility would serve commercial and government organizations working across quantum computing, artificial intelligence, aerospace, defence, advanced sensing, and semiconductor packaging.