Japan Invests 1.72 Trillion Yen in Semiconductors to Ensure Chip Supply
Japan is preparing to provide an additional aid of up to 802.5 billion yen ($5.4 billion) to chip startup Rapidus, reflecting the Japanese government's growing determination to secure semiconductor supply. The Ministry of Economy, Trade and Industry announced on Monday that it has approved additional support of up to 675.5 billion yen for front-end processing and 127 billion yen for back-end processing (including chip packaging and testing) to help Rapidus mass-produce advanced semiconductors from scratch. So far, the total amount of taxpayer funds allocated by the Japanese government to this fledgling contract chip manufacturer will reach 1.72 trillion yen.
