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Japan Eyes "Golden Share" as Condition for Aid to Rapidus

Japan Eyes "Golden Share" as Condition for Aid to Rapidus

   Tokyo, July 4 (Jiji Press)--Japan's industry ministry on Friday announced a plan for the government to hold a veto-wielding "golden share" in exchange for its financial aid to companies such as Rapidus Corp., which aims to realize domestic production of next-generation semiconductors.
   Golden shares in these companies will be held by the Information-Technology Promotion Agency, or IPA, an independent administrative agency under the industry ministry.
   The details of golden shares will be drawn up by companies and then screened by the ministry.

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AFP-JIJI PRESS NEWS JOURNAL


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