fbpx

Home-grown Microchips: Federal government invests $240 into semiconductor industry

Ottawa, Ontario — In the effort of getting ahead of future supply chain disruptions, the federal government has announced a $240 million investment into the nation’s semiconductor industry. Minister of innovation, science and industry François–Philippe Champagne said on Monday that $150 million in funding is headed for the Semiconductor Challenge Callout fund to develop and […]

Back in Business: Canadian manufacturers experiencing growth as health measures lift

Toronto, Ontario — As the omicron wave of COVID-19 begins to subside and public health measures are lifted across many provinces and regions, some new industry data is showing that production for manufacturing is trending upward. Reaching its highest level since November of last year, the IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) rose […]

Cognizant Claims: CCC sees 19 percent revenue growth, driven by AI deployment

Chicago, Illinois ⁠— CCC Intelligent Solutions announced its fourth quarter and fiscal year financial results on Tuesday, sharing the tech provider saw 19 percent adjusted revenue growth in 2021, a feat it says was driven by the increased deploying of artificial intelligence (AI) in insurance claims. The company said it processed nine million unique claims […]

Days
Hours
Minutes
Seconds