Japan’s Moonshot Chip Push Rapidus Plots Path to IPO Around 2031

Japan’s state-backed chip venture Rapidus Corp. aims to go public around fiscal 2031 in a bid to bolster the country’s domestic chipmaking capabilities.

The government plans to invest around ¥100 billion ($640 million) in the contract chipmaker through a facility that allows the country to invest in the fledgling company in exchange for shares, Economy Minister Ryosei Akazawa said at a regular press conference Friday.