Japan Allocates $944 Million Additional Funding to Chip Startup Rapidus
· Business · Bloomberg, Nikkei Asia
The Japanese government is providing an additional ¥150 billion, equivalent to $944 million, to support the domestic chip startup Rapidus Corp. This investment aims to bolster Japan's capabilities in the semiconductor sector as it seeks to challenge industry leaders like Taiwan Semiconductor Manufacturing Co. The Ministry of Economy, Trade and Industry plans to request further funding for the company in the fiscal 2027 budget. These details were disclosed by a source familiar with the private discussions, following an initial report by the Nikkei. A representative for the ministry was not available for comment regarding the funding allocation.
Why it matters
The funding is a strategic move by Japan to reduce its reliance on foreign semiconductor manufacturers and establish a competitive domestic supply chain for advanced AI chips.
Read the original report — Bloomberg
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