Japan plans to allocate ¥802.5 billion for Rapidus to boost semiconductor production
300+ Words Refined into 3 Facts by AI • 1 source • 1h ago
Japan is allocating ¥802.5 billion ($5.4 billion) in additional aid for chip startup Rapidus Corp., reflecting its commitment to secure semiconductor production amid US-China tensions.1
The total public funding for Japan's chip initiative has reached ¥1.72 trillion, with an additional ¥100 billion proposed to support Rapidus.1
Rapidus, backed by major companies like Toyota Motor Corp., Sony Group Corp., and SoftBank Corp., aims to start mass production of next-generation chips by 2027.1
Japan's Economy Ministry is pushing for debt guarantees to attract more private investment into Rapidus, indicating a strategic shift in the semiconductor sector.1
Japan is allocating ¥802.5 billion ($5.4 billion) in additional aid for chip startup Rapidus Corp. to secure semiconductor production amid US-China tensions.
The total public funding for Japan's chip initiative has reached ¥1.72 trillion, with an additional ¥100 billion proposed to support Rapidus.
Backed by Toyota Motor Corp., Sony Group Corp., and SoftBank Corp., Rapidus aims to start mass production of next-generation chips by 2027.
Yahoo Finance
300+ Words Refined into 3 Facts by AI • 1 source • 1h ago