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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.
What does ibm even do nowadays
They make tons of money in mainframe and consulting.
They're still earning gazillions from patents, aren't they?
Oh probably
Phoenix pay.
BM has been VERY good to Canada. Way back in the 'old days' of technology, they provided University of Waterloo with a free mainframe computer in gratitude for the work the Computer Science department was doing for software development for IBM mainframes, and the close association has continued. IBM would not even be close to what it is without the graduates from University of Waterloo Engineering and Computer Science.
Some might even go as far as saying that IBM is American in formality only. Most of the heavy lifting is done in Canada. The Quebec chip plant is the largest chip assembly plant IBM has in the entire world.
The benefit to Canada> Jobs, obs, jobs. High tech, high paying jobs. And the brain power of Canadian trained graduates stays in Canada.
Plus, since any sales from products Made in Canada are not subject to the Trump export taxes. it will be cheaper for the world to buy assembled chips from Canada than America.
IBM is, and always has been, a good loyal partner to Canada.
The worst mistake IBM ever made was to sign the agreement with Bill Gates over the development of DOS, instead of going with the actual creators of DOS. But then again, when they signed the deal. IBM had projected that, in their wildest conjecture, they would sell AT MOST 250,000 PC's. Then along came Visicalc and turned the computer world upside down. Visicalc made the PC a business tool necessity. That and Wordstar.
https://retrocomputingforum.com/t/ibms-volume-forecast-for-the-personal-computer/1595