Ottawa, August 20, 2025 — Invest Ottawa is proud to celebrate Ranovus Inc.’s announcement of more than $100 million in new investment to expand its advanced optical semiconductor manufacturing facility in Ottawa. In support of this investment, Ontario is providing up to $2 million in funding through the Invest Ontario Fund. This major expansion will create 125 highly skilled jobs and strengthen Canada’s capital as a hub for semiconductor innovation and critical technologies.

“Ranovus is a true homegrown success story — born in Ottawa and now advancing the full semiconductor value chain right here in Canada’s capital. This strategic investment not only creates 125 highly skilled jobs, it builds sovereign manufacturing capacity that reduces supply chain vulnerabilities and strengthens Canada’s postiion at the forefront of AI, quantum, and other critical technologies. By going from design to wafer fabrication, dicing, testing, and packaging in our backyard, we are reinforcing Ottawa’s role within Ontario’s semiconductor corridor and showcasing the world-class talent and collaborative ecosystem that make our region a magnet for global investment.” – Sonya Shorey, President and CEO, Invest Ottawa.

Founded in Ottawa in 2012, Ranovus is a homegrown success story driving breakthroughs in optical interconnect solutions, a type of semiconductor that accelerates data transfers while reducing delays and power consumption in data centres. These technologies are vital to scaling artificial intelligence and machine learning infrastructure across industries, including manufacturing, defence, and automotive. Today, Ranovus solutions power global semiconductor leaders such as AMD, MediaTek, and Cerebras (DARPA).

“At Ranovus, we’re proud to be designing and manufacturing advanced artificial intelligence solutions right here in Ontario, which relies on a world-class workforce,” said Hamid Arabzadeh, Co-Founder and CEO of Ranovus Inc. “We are grateful for the Government of Ontario’s support as we expand our operations, create good jobs and contribute to securing Canada’s leadership in the AI and quantum era.”

This investment marks a major step in bolstering Ottawa’s role within Canada’s semiconductor corridor and advancing the global competitiveness of our innovation ecosystem. By reshoring manufacturing capacity and building AI-enabling technologies here at home, Ranovus is reinforcing Ottawa’s position as a trusted leader in next-generation technology.

Quick Facts

• Ranovus’ $100 million investment will create 125 new, high-value jobs in Ottawa’s tech sector, expanding opportunities for local talent in one of Canada’s fastest-growing industries.
• This expansion further reinforces Ottawa’s position as a global leader in semiconductor design and manufacturing, strengthening Canada’s competitiveness in critical technologies.
• By scaling advanced AI and quantum-enabling technologies, Ranovus is helping to power next-generation workloads and industries worldwide.
• The company’s growth also builds resilience in Canada’s semiconductor supply chain by bringing design, prototyping, dicing, testing, and final assembly together in Ottawa, anchoring the nation’s capital as a core hub in Ontario’s semiconductor corridor.