Japan Minister Vows Aid for Rapidus in Push for Advanced Chips
- Japan needs domestic production of top-notch chips, he says
- State has provided ¥70 billion already and could add more
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Japan’s trade minister pledged the government will hike its financial support for chipmaker Rapidus Corp. as it works to develop cutting-edge semiconductors, arguing domestic production of such components is essential for the country to excel in artificial intelligence and autonomous driving.
“I have high hopes that Rapidus can mass produce 2-nanometer chips and beyond in Japan, and the government is ready to continue and beef up financial support to the company as it will need to spend trillions of yen to make that happen,” Yasutoshi Nishimura, minister of economy, trade and industry, said in an interview.