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  • Writer's pictureBy The Financial District
    • Apr 4
    • 1 min read

Japan to Offer 590 Billion Yen To Rapidus In Chip Push

Japan's industry minister has announced that the government will provide up to 590 billion yen ($3.9 billion) in additional subsidies to Rapidus Corp. as part of efforts to strengthen the country's domestic semiconductor supply chain, reported Kyodo News.


Rapidus Corp. aims to commence mass production of 2-nanometer chips in 2027. I Photo: Rapidus Corp.



This subsidy, combined with the 330 billion yen already earmarked by the ministry, will total nearly 1 trillion yen in government financing for the Japanese chip venture.


The move underscores Japan's commitment to revitalizing the semiconductor industry, given the increasing importance of chips in ensuring economic security amidst heightened competition between the US and China.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Rapidus Corp., established in 2022 by Toyota Motor Corp., Sony Group Corp., and six other companies, aims to commence mass production of 2-nanometer chips, a next-generation technology expected to be utilized in 5G communications, quantum computing, and self-driving vehicles, starting in 2027.


The company is constructing a plant in Hokkaido.




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