Japan Pours More Funds into Rapidus Chip Venture

The Japanese industry ministry will invest an additional 150 billion yen in Rapidus Corp. through its fiscal 2027 budget request, building on its previous investment of 250 billion yen.

The aim is to strengthen the company's financial base and attract more private investments.

The ministry also plans to provide around 2.4 trillion yen in research and development aid to Rapidus, with an additional 300 billion yen under consideration.

Furthermore, Japan's three megabanks plan to provide a total of around 2 trillion yen in loans to Rapidus, which the ministry will guarantee at around 80%.