Ottawa and Quebec are spending nearly $100 million to increase the country’s manufacturing capacity for semiconductors while adding new manufacturing capacity for an IBM Canada plant.

Ottawa will invest $59.9 million to help fund IBM Canada’s semiconductor packaging plant in Bromont, Que., Prime Minister Justin Trudeau told reporters in the small town located 70 kilometres southeast of Montreal.

The federal investment would create 280 new jobs and open 240 co-op positions for students as part of the investment, he said.