Rapidus Secures ¥150B as Japan Boosts Chip Push

Rapidus picked up another 150 billion yen in funding from Japan’s Information Technology Promotion Agency, IPA, so now the total capital sits around 424.95 billion yen, give or take. This comes right after a 100-billion-yen injection earlier this year and it also builds on private support from 32 companies, Canon, Fujitsu, NTT, SoftBank, Sony Group, and the Development Bank of Japan, among others.

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The fresh money is meant to help Rapidus shift from research to commercial production of 2nm logic semiconductors. The plan is to get manufacturing up and running in 2027. In the statement, Japan’s wider effort is also underlined, kind of to reassemble its advanced semiconductor business, lessen reliance on overseas supply networks, and tighten its role in the worldwide contest for next generation chip fabrication.