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Japan Govt to Give Rapidus Up to 590 B. Yen in Additional Aid

Japan Govt to Give Rapidus Up to 590 B. Yen in Additional Aid

   Tokyo, April 2 (Jiji Press)--Japan's industry ministry said Tuesday that it has decided to provide up to 590 billion yen in additional assistance to Rapidus Corp., which is aiming to domestically produce next-generation semiconductors.
   Through the additional aid, the ministry hopes to help the Japanese company accelerate the development of advanced chips, essential for autonomous driving and artificial intelligence technologies.
   As the ministry has already committed 330 billion yen to Rapidus, the total state assistance to the chipmaker will reach nearly 1 trillion yen.
   "The next-generation semiconductors that Rapidus is working on are the most important technology that will determine the future of Japanese industries and the future economic growth of Japan," industry minister Ken Saito said at a press conference Tuesday. "We will do our best to support the project for its success."
   Rapidus was established in 2022 to produce chips with a circuit line width of 2 nanometers, the most advanced type of semiconductor. It has received investment from eight major Japanese companies including Toyota Motor Corp., Nippon Telegraph and Telephone Corp. and NEC Corp.

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AFP-JIJI PRESS NEWS JOURNAL


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