Canada's AI Chip Breakthrough Gets Snapped Up by AMD as Domestic Ecosystem Struggles to Scale

Canada's deep tech breakthroughs are being vacuumed up by US giants because the domestic ecosystem lacks late-stage capital and commercialization pathways.

Evidence For

• AMD announced it will acquire Toronto-founded Taalas Inc. for an undisclosed price, making it the latest high-potential Canadian semiconductor startup to be acquired by an American company
• Last June, AMD bought Toronto-founded Untether AI Corp while Nvidia purchased CentML Inc., also founded in Toronto, in...