Japan’s Rapidus Seeks Billions of Dollars to Reboot Chip Sector
- Foundry venture working on producing 2-nanometer IBM chips
- Rapidus seeks long-term government subsidies, president says
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Japan’s newly formed chip foundry venture Rapidus Corp. said it is seeking to invest several trillion yen to help reboot the country’s semiconductor industry.
Backed by Toyota Motor Corp., Sony Group Corp. and six other Japanese companies, the Tokyo-based venture signed a partnership with International Business Machines Corp. to develop the US firm’s leading-edge 2-nanometer technologies. Rapidus said it will begin mass production of the chips in 2027 at a plant it plans to build in Japan.