Swedish telecom giant Ericsson has secured a strategic investment of $3 billion from Export Development Canada (EDC). The company announced on Wednesday that it has entered into a comprehensive cooperation agreement aimed at accelerating research and development in key technologies such as artificial intelligence and mobile networks.

Under the agreement, both parties will increase Ericsson's R&D investment in Canada over the next three years and deepen local supply chain development, with a focus on advancing next-generation communication technologies, including quantum technology, AI, and Cloud RAN (Cloud Radio Access Network).

Currently, Ericsson employs approximately 3,100 staff in Canada and operates R&D centers in Ottawa, Montreal, and Toronto. The company indicated that this new partnership will further strengthen collaboration with Canadian enterprises, universities, and government institutions, contributing to the nation’s innovation ecosystem.

This agreement builds upon a previous R&D cooperation framework signed between Ericsson and the Canadian government in 2024, amounting to CAD 635 million (approximately $452 million). The EDC funding is expected to expedite Ericsson's product development and commercialization processes in the fields of 5G, AI, and quantum communications.

Analysts note that Canada is actively attracting global tech companies to invest in cutting-edge R&D within its borders. Ericsson’s expansion and collaboration not only reinforce its position in the North American market but also enhance Canada’s international competitiveness in next-generation communication technologies.