Homegrown leader expands optical semiconductor manufacturing, bolstering Ontario’s supply chain and sovereign AI leadership
Invest Ontario is proud to support Ranovus’ investment of over $100 million to develop and scale optical semiconductors that are powering the next generation of artificial intelligence (AI) infrastructure. This project will expand Ranovus’ manufacturing facility in Ottawa and create 125 new high-value jobs, more than doubling the company’s current workforce.
Ottawa-based Ranovus is a leading developer of high-capacity miniaturized optical interconnects, a type of semiconductor that enables faster data transfer between chips using light instead of traditional electrical signals. Ranovus’ technology is tailored for data centres focused on AI and machine learning, significantly reducing latency and power consumption.
Artifical Intelligence
As AI continues to evolve and permeate industries, there is growing demand for data centres purpose-built to handle the intensive computational workloads required to train and run AI and machine learning systems. Ranovus’ investment will increase domestic production of critical hardware used in these data centres, thereby strengthening Ontario’s semiconductor supply chain and global presence in the sector.
Through this expansion, Ranovus is also bringing previously outsourced manufacturing capacity back to Ontario. By developing and commercializing its technologies in Ontario, Ranovus is contributing to a future where the province can lead the advancement of AI with sovereign compute capabilities built and scaled at home.
“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.”
Home to one of North America’s largest technology and advanced manufacturing hubs, Ontario and its talent offer fertile ground for innovative businesses like Ranovus to thrive. It is where global semiconductor leaders and ambitious startups alike design and produce cutting-edge chips that power the modern world.
Ranovus’ continued investment serves as an anchor that will further attract semiconductor and technology companies — suppliers, customers and partners — to the province, fostering growth in the broader ecosystem.
“As global competition for next-generation technologies intensifies, Ontario’s world-class workforce, state-of-the-art research institutions and resilient business environment continue to anchor our province as a partner for success,” said the Hon. Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Our government is proud to support Ranovus in their continued expansion, which will create over a hundred new, high-value jobs across our tech corridor and prepare our province for the future of work.”
This investment also marks Invest Ontario’s first project in this strategic sector. It will be supported with a grant of up to $2 million through the Invest Ontario Fund, subject to reaching a definitive agreement.
“We couldn’t be prouder to support a homegrown innovator like Ranovus. What they do not only plays a key role in shaping the future of AI infrastructure, but also reinforces Ontario’s leadership in critical technologies on the global stage,” said Khawar Nasim, CEO of Invest Ontario. “Ranovus’ continued success reflects the strength of our province as a destination to innovate, scale up and drive global impact.”
Invest Ontario proactively seeks investments that drive innovation, foster partnerships and address value chain gaps across the province, ensuring its ecosystem remains vibrant and globally competitive. As investors’ one-window gateway to Ontario, Invest Ontario continues to be a trusted partner for companies looking to expand and succeed here.
For more information about Invest Ontario, please visit www.investontario.ca.
About Invest Ontario
Invest Ontario is the dedicated agency for investment attraction in the province. We serve as global businesses’ partner and one-window access to Ontario, providing expertise and tailored services throughout their investment journey. With a focus on the advanced manufacturing, life sciences and technology sectors, we are committed to securing strategic investments that create jobs, generate returns to the province and drive Ontario’s long-term economic growth and global competitiveness.
About Ranovus
Ranovus is a leader in advanced Co-Packaged Optics interconnect solutions, enabling the next generation of AI/ML workloads in data centers and communication networks. With deep expertise and track record in optoelectronic subsystem development and commercialization, Ranovus is driving disrupting innovation in the AI Compute industry. Our disruptive portfolio of IP Cores—including Multi-Wavelength Quantum Dot Laser technology and advanced digital and silicon photonics integrated circuits—sets new benchmarks for power efficiency, size, and cost in optical interconnect solutions. At the heart of this innovation is Ranovus’ Odin® platform, a transformative technology designed to optimize data center architectures for AI/ML and communications applications. For further information, visit www.ranovus.com.
SOURCE: INVEST ONTARIO
