Japan's Chip Venture Rapidus Gets $1.7 Billion Funding Boost [Yahoo! Finance Canada]
DENSO CORP UNSP/ADR (DNZOY)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg “Since the start of the year, customers' demands for cutting-edge chips have surged,” Koike said, adding that the requests for 2nm technology in particular have intensified. “We want to move quickly — first with 2nm, and then on 1.4nm and 1nm technologies.” The push behind Rapidus — whose ambitious target has been widely dismissed in semiconductor manufacturing circles — comes as geopolitical tensions and a surge in generative AI heighten the strategic importance of high-end silicon. Investment from 32 companies totaling ¥167.6 billion comes on top of ¥100 billion in government funding paid this fiscal year, with a further ¥150 billion of public money slated to come in the next business year starting in April. The government support is part of Prime Minister Sanae Takaichi's pledge to boost domestic chipmaking and brings Japan closer to its goal of providing ¥3 trillion in support to Rapidus. The government will initially hold only about 10% of Rapidu
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