Japan commits another ¥400 billion to Rapidus

The Japanese government has committed an additional 400 billion yen, approximately $2.5 billion, to the chip startup Rapidus, bringing Tokyo's total equity stake and subsidies to over $15 billion since 2022. Rapidus aims to produce 2-nanometer semiconductor wafers priced significantly lower than competitors like TSMC, targeting costs around $19,000 to $21,500 compared to TSMC's rumored $30,000. Despite having no revenue or prior commercial chip sales, the startup is attempting to restart Japan's leading-edge logic chip manufacturing sector. Open article →