Question 1

How much did the Canadian government give Xanadu, and is it a grant?

Accepted Answer

Ottawa is providing C$195 million, but it is a repayable loan through the Strategic Response Fund, not a grant, and it requires significant co-investment from Xanadu.

Question 2

Where will Xanadu's new Inception facility be located?

Accepted Answer

The 158,000-square-foot plant will occupy the old Campbell's Soup factory in Etobicoke, Toronto, a building Campbell's left in 2019 that was later restored by QuadReal Property Group.

Question 3

Why does the funding matter if Xanadu still uses foreign contractors?

Accepted Answer

CEO Christian Weedbrook said the company has outsourced most of its chip packaging and assembly to firms in other countries, and Inception is meant to move that work in-house, cutting packaging time from as long as three months to about eight hours.

Xanadu

Xanadu takes C$195 million from Ottawa and still sends its chip packaging abroad

One sharp brief.
Every day.

Xanadu

Xanadu takes C$195 million from Ottawa and still sends its chip packaging abroad

One sharp brief.Every day.

One sharp brief.
Every day.