Japan Bolsters Domestic Chip Production with $90 Million Funding for Rapidus

The Japanese government has allocated over $90 million in additional funding to support Rapidus, a startup focused on developing advanced semiconductor chips. This move is part of Japan's efforts to boost its domestic chip production and reduce reliance on foreign suppliers.

According to the announcement, the funding will be used to enhance Rapidus' technology development and manufacturing capabilities. The government aims to support the company in becoming a leading player in the global semiconductor market.

Rapidus has been making significant strides in recent years, with its chips being used in various applications including 5G smartphones and high-performance computing systems.