The Financial Post reports in its Wednesday, July 15, edition that Canadian small- and mid-sized semiconductor businesses say the U.S. artificial intelligence boom is creating valuable opportunities. The Post's Yvonne Lau writes that Big Tech investment in AI infrastructure will exceed $700-billion (U.S.) this year, according to Meta, Amazon, Alphabet and Microsoft. Goldman Sachs estimates tech's AI spending will surpass $5-trillion (U.S.) by 2030.
Maxepic chief Jerry Zhai says no one company is able to offer an all-encompassing solution, which creates opportunities for Canadian companies.
He says any hike in U.S. tariffs on Canadian goods wouldn't directly affect his company because it licences its tech to chipmakers and major tech platforms, but he has adjusted his strategy to onshore manufacturing work from Asia to the U.S. to mitigate potential tariff-related turbulence.
Advanced Micro Consulting chief Mani Sethi says business slowed down in early 2025 as companies scrambled to determine how President Donald Trump's trade war would impact them, but it bounced back and is now booming.
He says: "It doesn't matter now what Trump is doing. Demand is through the roof because of AI."
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