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December 2

  • Japan Earmarks Extra $9.9 Billion for Chips and AI This Year

    ➀ Japan is allocating an additional ¥1.5 trillion ($9.9 billion) for chip and AI development, including funding for Rapidus Corp's moonshot foundry project.

    ➁ The budget includes ¥1.05 trillion for next-generation chips and quantum computer research, and ¥471.4 billion for domestic advanced chip production.

    ➂ Prime Minister Shigeru Ishiba has pledged over ¥10 trillion in support for chips and AI by fiscal 2030, emphasizing the importance of domestic semiconductor production for economic security.

    AIJapantechnology

October 15

September 9

  • Japan's Rapidus Seeks Another $700 Million in Chipmaking Push
    ➀ Rapidus Corp. is seeking to raise ¥100 billion ($696 million) to finance its chip development efforts; ➁ The company is approaching existing investors including Toyota, Sony, SoftBank, and MUFG Bank, as well as new investors such as Mizuho Bank and Sumitomo Mitsui Banking Corp.; ➂ Rapidus is part of Japan's campaign to regain leadership in the global chip industry.
    ChipmakingJapanRapidusinvestment