Japanese Chipmaker Rapidus Gets $1.6 Billion in Government Funds
The Japanese government will invest a total of ¥250 billion ($1.6 billion) in state-backed Rapidus Corp. as part of Prime Minister Sanae Takaichi’s pledge to boost domestic chipmaking. The latest funding, which will come over the next two financial years, brings Japan closer to its goal of providing ¥3 trillion in total support to help Rapidus mass-produce cutting-edge 2-nanometer logic chips and potentially challenge industry leader Taiwan Semiconductor Manufacturing Co....
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