Japan To Invest Additional $5.4b Into Chipmaker Rapidus
Japan said Monday it had decided to inject more than $5 billion into semiconductor venture Rapidus. Rapidus aims to mass-produce next-generation chips in the country by 2027. The Ministry of Industry announced it would allocate 802.5 billion yen ($5.4 billion) to a company that is a joint venture between Sony, Toyota, IBM, and others. According…
