The Japanese government, together with the private sector, has announced an investment of 267.6 billion yen in Rapidus, aiming to advance cutting-edge semiconductor production.
On July 27, the Japanese government revealed a new investment of 267.6 billion yen in the semiconductor startup Rapidus, which focuses on mass production of advanced semiconductors. The government contributed 100 billion yen, while 32 private companies and government-affiliated financial institutions collectively invested the remaining 167.6 billion yen. The statement indicates a growing interest and excitement from the private sector, as articulated by Minister of Economy Ryo Masahiro at a press briefing.
Rapidus, which operates a factory in Chitose City, Hokkaido, aims to commence mass production of cutting-edge 2-nanometer generation semiconductors in the second half of the fiscal year 2027. This investment is a significant step in Japan's efforts to enhance its semiconductor capabilities, further emphasizing the collaborative approach between the government and private industry in nurturing technological advancements.
The announcement of this investment occurred after the private funding exceeded initial expectations of around 130 billion yen, underlining a strong confidence within the industry regarding the potential of Rapidus. This venture is part of Japan's broader strategy to bolster its position in the global semiconductor market amidst increasing competition and geopolitical tensions.
