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Japan approves additional $4 bln for chipmaker Rapidus
The new money lifts government support for Rapidus to 2.6 trillion yen as Japan seeks to secure customers and narrow its gap with Taiwan Semiconductor Manufacturing Co.
- On Saturday, Japan's industry ministry approved an additional 631.5 billion yen in subsidies to accelerate research and development at chipmaker Rapidus Corp., ramping up support for the state-backed venture.
- Rapidus aims to produce 2-nanometer chips by 2027 to reduce Japan's reliance on Taiwan Semiconductor Manufacturing Co., though the project remains a long shot trailing TSMC's established volume production capabilities.
- An external committee inspected the Hokkaido foundry, confirming technological progress, while total government research and development assistance for the startup has reached 2.354 trillion yen.
- Industry Minister Akazawa Ryosei told reporters Saturday that government support must help the firm secure customers, stressing that even excellent technology fails commercially without a buyer base.
- Rapidus targets an initial public offering around fiscal 2031 while seeking roughly 3 trillion yen in private-sector financing, aligning with Japan's plan to invest more than 10 trillion yen in chips and AI by 2030.
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The Japanese government has decided to provide an additional subsidy of 631.5 billion yen (approximately 5.9 trillion won) to Rapidus, a foundry (semiconductor contract manufacturing) company being fostered to recover the "lost 30 years" of its domestic semiconductor industry. Rapidus was established in 2022 under the leadership of the Japanese government with capital contributed by major Japanese companies such as Toyota, Sony, and SoftBank. Wi…
The total amount of state investment in Rapidus in 2027 will amount to $16 billion.
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Total News Sources16
Leaning Left3Leaning Right4Center3Last UpdatedBias Distribution40% Right
Bias Distribution
- 40% of the sources lean Right
40% Right
L 30%
C 30%
R 40%
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