Japan will invest another ¥150 billion yen (US$940M) into chip foundry startup Rapidus, which aims to begin 2nm chip production in 2027, media report, adding the government has already invested ¥250 billion in Rapidus, and plans to provide ¥2.4 trillion in R&D aid. It is also considering another ¥300 billion in aid. In addition, three major Japanese banks will provide ¥2 trillion in loans to Rapidus, with the government guaranteeing 80% of the loans. $Taiwan Semiconductor(TSM.US) $Intel(INTC.US) $SSNLF #Rapidus
Source: Dan Nystedt
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