Gaming PC

Japanese Government Invests $500 Million in New Chipmaking Venture

The Japanese government has announced a ¥70 billion ($500 million) investment in a new venture to manufacture advanced microchips. This latest initiative by the government is part of an attempt to reassert Japan as a leading manufacturer of cutting-edge semiconductor products. Announcement, but Reuters first reported (opens in new tab)describes this as an ‘initial’ investment, suggesting that the Japanese government can put more money into it over the next few years.

(Image credit: Aleksandar Pasaric from Pexels)

The project involves starting a new company called Rapidus. Rapidus will be a joint venture between existing Japanese tech companies such as Sony and NEC, as well as SoftBank, Kioxia, Mitsubishi and Toyota. There are even voices persuading companies in the United States and Europe to join, a person familiar with the matter, who spoke on condition of anonymity, told Reuters.

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