Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
JP Chipmaker Rapidus Secures Additional ~USD4B Subsidy from JP Govt w/ Total Subsidies USD14.7B
Recommend 0 Positive 1 Negative 2 |
||||
|
||||
|
Japan's Ministry of Economy, Trade and Industry (METI) has approved an additional funding of JPY631.5 billion (approx. US$3.96 billion) to accelerate the research and development (R&D) progress of chipmaker, Rapidus. Rapidus has cumulatively received a total of JPY2.354 trillion (approx. US$14.74 billion) in R&D subsidies. The Company is developing 2-nanometer logic semiconductors and plans to begin mass production in FY2027. The Company secured approx. JPY160 billion in investment from private enterprises in February, and is estimated to receive a fund of JPY250 billion from the government. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
