MUFG, Sumitomo Mitsui, Mizuho to lend Rapidus ¥2 trillion

Japan's three largest banks plan to lend up to ¥2 trillion to semiconductor manufacturer Rapidus starting in fiscal 2027 as part of the company's first major private-sector financing. Rapidus targets mass production in the second half of fiscal 2027, though projected funding still leaves a gap of about ¥2.3 trillion remaining unfunded. Open article →