Japan plans to provide another 150 billion yen, or about $944 million, to chip startup Rapidus as the government steps up support for the domestic foundry’s effort to compete with companies such as Taiwan Semiconductor Manufacturing Co. According to the report, Japan’s Ministry of Economy, Trade and Industry is also expected to seek additional funding for Rapidus in the fiscal 2027 budget.
Rapidus, a government-backed joint venture established in 2022, is aiming to manufacture leading-edge 2-nanometer chips by 2027. The project is part of a broader push to reduce Japan’s reliance on TSMC and rebuild domestic semiconductor capacity. Policymakers reportedly see the company’s success, along with Japan’s technological independence in areas such as artificial intelligence, robotics, and quantum computing, as closely tied to national security.
Japan will provide another 150 billion yen, or about $944 million, to chip startup Rapidus, stepping up spending as it tries to help the company compete with firms including Taiwan Semiconductor Manufacturing Co., according to a ChainCatcher report published on Aug. 21.
A person familiar with the matter said Japan’s Ministry of Economy, Trade and Industry will seek more funding for the domestic contract chipmaker in the fiscal 2027 budget.
Rapidus, a government-backed joint venture founded in 2022, is targeting production of advanced 2-nanometer chips by 2027. The company is also intended to help Japan reduce its dependence on TSMC.
Policymakers view the success of Rapidus, and Japan’s technological independence in artificial intelligence, robotics, and quantum computing, as critical to national security.
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