Japan invests 17.2 trillion yen in semiconductors to ensure chip supply.

GoldenOctober2024

1-01-01 00:00:00

Jin10 data reported on March 31 that Japan is preparing to provide up to 802.5 billion yen (approximately 5.4 billion USD) in additional assistance to the chip startup Rapidus, reflecting the increasing determination of the Japanese government to ensure semiconductor supply. The Ministry of Economy, Trade and Industry of Japan announced on Monday that it has approved up to 675.5 billion yen in front-end processing and 127 billion yen in back-end processing (including chip packaging and testing) in additional support to help Rapidus begin mass production of advanced semiconductors from scratch. So far, the total amount of taxpayer funds allocated by the Japanese government to this fledgling contract chip manufacturer will reach 1.72 trillion yen.

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