Ontario Welcomes Over $100 Million Investment in the Critical Technologies Sector

August 20, 2025

The Ontario government is welcoming an investment of over $100 million from Ranovus Inc., a homegrown Canadian technology company, to expand its optical semiconductor manufacturing facility in Ottawa.

The investment will create 125 new, good-paying jobs across the Ontario’s critical technologies sector and further position the province as a North American leader in advanced semiconductor design and manufacturing.

In support of this investment, Ontario is providing up to $2 million in funding through the Invest Ontario Fund.

News Releases:

En: Critical Technologies Sector

Fr: Secteur des technologies critiques