US, Canada plan North American chip corridor, starting with IBM expansion

FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

(Reuters) - The United States and Canada said on Friday they would work together to create a bilateral semiconductor manufacturing corridor, as International Business Machines signaled its intent to expand in Canada.

The news came as U.S. President Joe Biden, who is visiting Canada, issued a joint pledge with Canadian Prime Minister Justin Trudeau to stand together against authoritarian regimes in part by reducing their dependence on other countries for critical minerals and semiconductors.