(Update) 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 the companies will be held by the Information-Technology Promotion Agency, or IPA, an independent administrative agency under the industry ministry.
Details of golden shares will be drawn up by companies and then screened by the ministry.
Eligible for government aid will be companies capable of producing semiconductors with a circuit line width of up to 2 nanometers in the country by the late 2020s.
In addition to granting the government a golden share and some voting rights, companies that receive government aid will also be required to raise funds from the private sector as much as possible.
(2025/07/04-19:49)
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