Megabanks to offer up to ¥2 tril in loans to Japan chip venture Rapidus

3 Megabanks to Lend up to ¥2 Trillion to Rapidus; Company Plans to Begin Mass Production of Next-Generation Semiconductors from Fiscal 2027

MUFG Bank, Ltd., Sumitomo Mitsui Banking Corp. and Mizuho Bank, Ltd. have indicated their intention, starting in fiscal 2027, to extend up to ¥2 trillion in loans to Rapidus Corp., which aims to mass-produce next-generation semiconductors, it was learned on Thursday.

Megabanks to offer up to ¥2 tril in loans to Japan chip venture Rapidus

Japan's three megabanks intend to provide loans of up to around 2 trillion yen to Rapidus Corp as the chip venture seeks to manufacture advanced semiconductors domestically, sources…

Rapidus lining up $13B in loans, new investors

A trio of major Japanese banks are reportedly discussing providing $12.8 billion in loans for chip company Rapidus, which is looking to raise $834 million in new investment from additional companies including Canon and Kyocera. MUFG Bank, Sumitomo Mitsui Banking and Mizuho Bank are working out details on providing loans, The Japan Times reported. In a previous move, MUFG Bank invested JPY300 million ($1.9 million) in the chipmaker, which is back…