News
For Immediate Release
Toronto
10/27/2011
Ontario Supports Technology Sector, Creates Jobs: McGuinty Government Partners With Digital Media Company
NEWS
Ontario is helping ViXS Systems Inc — a GTA-based semiconductor solutions provider —develop new technology, while creating 107 new, highly-skilled jobs and protecting 54 existing positions. These new jobs will build upon the 97,700 net new jobs that have already been created in Ontario so far this year alone.
The province is partnering with ViXS Systems Inc. to develop an energy-efficient network media processor that will help power multimedia platforms such as digital televisions, video recorders and set-top boxes and other products.
Once enabled, these devices will stream content to multiple mobile devices, including iPads, tablets and smart phones. This innovative project will attract and retain world-class talent, commercialize cutting-edge R&D, and promote Ontario as a global Information Communications Technolocy (ICT) leader.
Partnering with business is a key component of the McGuinty Government’s plan to create and support jobs for Ontario families and strengthen local economies.
QUOTES
“In June, Ontario created more jobs than the rest of Canada and the U.S. combined. By supporting this project, we’re well on our way in retaining highly-skilled local talent, attracting high-profile foreign investment and creating good-paying jobs within the GTA.”
– David Zimmer MPP Willowdale
“In 2009, Ontario’s ICT sector contributed an impressive $26.7 billion to Ontario’s GDP. With this partnership, ViXS is one step closer to providing unparalleled access to streamed media content to enhance the video entertainment experience, and secure Ontario’s rightful place as a global ICT leader.”
– Brad Duguid, Minister of Economic Development and Innovation
“With support from the McGuinty government, we’re positioning ViXS as an ahead-of-the-curve leader in digital media delivery. Through this investment, we can increase our world-class employee base, expand our global presence and support the GTA’s ever-growing ICT cluster development.”
– Sally Daub, CEO of ViXS Systems, Inc.
QUICK FACTS
- ViXS recently ranked 29th in PROFIT magazine’s23rd annual ranking of Canada’s 200 Fastest-Growing companies.
- This is the second partnership with ViXS, the first project is ahead of schedule and has already created jobs.
- Ontario is first in North America when it comes to converting foreign investment into jobs with 11,210 new jobs from foreign direct investment projects.
- In 2010, for the second time in a row, The Financial Times of London ranked Ontario second only to California in North America as a recipient of foreign direct investment.
- Since October 2003, Ontario has created 524,100 net new jobs for Ontario families.
- So far, Ontario has created 97,700 net new jobs for Ontario families in 2011.
- As a result of the tax changes implemented in Ontario, taxes on business investment were cut in half, making Ontario more competitive and encouraging business growth.
LEARN MORE
- See how Ontario's Budget 2011 is supporting job creation and helping the province's economy to turn the corner.
- Find out more about Ontario’s Information and Communications Technology sector.
- Review Ontario programs supporting business.
For more information:
Andrew Block
Minister's Office
416-276-0511
Patrick Imlay
Communications Branch
416-325-6998
Disponible en français
