The Japanese government has approved an additional subsidy of up to $3.9 billion (approximately 590 billion yen) for the semiconductor company Rapidus for fiscal 2024. This move is part of Japan's broader strategy to enhance its competitiveness in the global semiconductor manufacturing sector, aiming to close the technological gap with industry leaders such as TSMC. The funds are allocated to support Rapidus in its efforts to advance and mass-produce cutting-edge 2nm semiconductor technology. This latest round of government support, which includes over ¥50 billion in specific allocations, underscores Japan's commitment to bolstering its semiconductor industry and securing a stronger position in the global market.
Japan approved as much as $3.9 billion in subsidies to chip venture Rapidus Corp., committing more money to its ambition to catch up in semiconductor manufacturing. https://t.co/zYZebvD9OF https://t.co/RByZbVq3gx
Japan has approved up to ¥590 billion in subsidies to chip venture Rapidus, committing more money to its ambition of catching up in semiconductor manufacturing. https://t.co/v96SoiL7Gb
Japan approves additional $3.9 billion in subsidies for semiconductor firm Rapidus to meet chip goals https://t.co/cotX2Ayt8d
Japan to offer 590 bil. yen more aid to Rapidus in chip push https://t.co/qHiqlh02iA
Rapidus, Japan’s state-backed answer to TSMC, will receive another ¥590 billion yen (US$3.89 billion) in government subsidies in fiscal 2024 to boost efforts to mass produce 2nm semiconductors, Nikkei reports, adding the latest round of government support includes over ¥50…
The Japanese government has approved subsidies for chip foundry venture Rapidus and will provide another 590 billion yen ($3.89 billion) in support. https://t.co/CWGiW9Mq1f
Japan approves $3.9 billion in subsidies for chipmaker Rapidus https://t.co/wanfnUrk50 https://t.co/iw2KC5j4TJ
JAPAN INDUSTRY MINISTER SAITO: JAPAN WILL PROVIDE ADDITIONAL SUBSIDY OF UP TO 590 BLN YEN TO CHIPMAKER RAPIDUS
🔴 SAITO: JAPAN TO GIVE CHIPMAKER RAPIDUS UP TO ¥590BN IN EXTRA SUBSIDIES
Japan approves up to $3.9B in subsidies to chip venture Rapidus, as the company tries to close the gap with TSMC in cutting-edge fabrication technology (@losolivoscal / Bloomberg) https://t.co/KH0ZBn9sSj 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/6ACSOYICoJ
Japan approved up to $3.9 billion in subsidies to chip venture Rapidus, committing more money to its ambition to catch up in semiconductor manufacturing https://t.co/kmWwfBi7yP
Japan chipmaker Rapidus to receive $3.9bn more in government aid https://t.co/geMcCpZ4XG
JAPAN CHIPMAKER RAPIDUS TO RECEIVE $3.9BN MORE IN GOVERNMENT AID - NIKKEI