Written by Ontario Newsroom on 20 January 2011
January 20, 2011
McGuinty Government Supports The Electronics Sector To Market Globally
Ontario is helping a Toronto technology company develop a next generation video chip, while creating 44 new high-tech jobs and supporting 96 existing positions.
ViXS Systems Inc. will develop cutting-edge technology for the growing global electronics market. ViXS’s technology is currently used by some of the world’s top manufacturers of Digital TVs, DVDs, Personal Video Recorders and home computers.
With a $6.15 million provincial grant to ViXS’s $40.97 million project, it will attract investment, enhance the Toronto-Kitchener-Waterloo Information and Communications Technology (ICT) innovation corridor, and build upon Ontario’s reputation as a world-class jurisdiction for research and innovation.
This investment supports the province’s five-year Open Ontario plan to create new job opportunities and promote economic growth.
QUICK FACTS
- ViXS Systems, Inc. was named one of the 50 fastest growing technology companies in North America in the 2009 Deloitte Technology’s Fast 500 ranking.
- As a result of our tax changes, taxes on new business investment were cut in half, making Ontario more competitive and encouraging new business investments.
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Posted in Information and Technology, Northern Ontario Economy, Northern Ontario Headlines, Provincial | Comments Off on New Technology To Create 44 Good Jobs And Grow The Economy
Ontario is helping a Toronto technology company develop a next generation video chip, while creating 44 new high-tech jobs and supporting 96 existing positions.
