Ontario Welcomes Over $100 Million Investment in the Critical Technologies Sector

August 20, 2025

• We welcome Ranovus Inc’s decision to invest over $100 million to expand its optical semiconductor manufacturing facility in Ottawa.
• At a time when U.S. tariffs are taking direct aim at Canada’s leading industries, Ranovus’ investment is a reflection of the competitiveness and resilience of the province’s economy and workers.
• Founded in Ottawa in 2012, Ranovus is a leading developer of advanced optical interconnect solutions, a type of semiconductor that enables faster data transfers, reducing latency and power consumption in data centres.
• The company’s Ontario-designed-and-made technologies are relied on by global technology companies, and their leadership in hardware production plays an important role in scaling artificial intelligence (AI) infrastructure in the manufacturing, defence, and automotive sectors.
• Since its inception, Invest Ontario has secured over $7 billion in investments, which resulted in the creation of more than 9,500 jobs in the province.