Japan to Invest ¥250 Billion in Domestic Chipmaking Initiative

The Japanese government has announced a significant investment of ¥250 billion ($1.6 billion) in Rapidus, a state-backed company, as part of Prime Minister Sanae Takaichi’s commitment to enhance domestic chip production. Bloomberg posted on X, highlighting the government's strategic move to strengthen its semiconductor industry amid global supply chain challenges. This investment is aimed at bolstering Japan's technological capabilities and ensuring a stable supply of chips, which are crucial for various industries. The initiative reflects Japan's broader efforts to secure its position in the global tech landscape and reduce dependency on foreign chip manufacturers. The funding will support research and development, as well as the establishment of new manufacturing facilities, contributing to the country's economic growth and technological advancement.