Ranovus will invest more than $100 million to expand its Ottawa manufacturing facility, creating 125 new jobs and strengthening Ontario’s semiconductor sector. The company develops miniaturized optical interconnects, semiconductors that use light to accelerate data transfer, reduce latency, and cut power use in AI-focused data centres.
This expansion will bring previously outsourced manufacturing back to Ontario while enhancing domestic production of critical hardware. Supported by a grant of up to $2 million from the Invest Ontario Fund, the project doubles Ranovus’ workforce and reinforces Canada’s role in advancing AI and quantum-era technologies.
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