Japan’s industry ministry announced Saturday that it has greenlit an additional 631.5 billion yen (approximately $3.96 billion) in funding to speed up research and development efforts at semiconductor manufacturer Rapidus.
This financial backing represents part of Japan’s broader strategy to enhance domestic manufacturing of cutting-edge semiconductors and reinforce chip supply chain security.
The new allocation brings Rapidus’ total research and development funding to 2.354 trillion yen.
The ministry additionally announced that NEDO, the New Energy and Industrial Technology Development Organization under its oversight, has chosen to provide support for semiconductor design initiatives led by Fujitsu and IBM Japan.
Rapidus is currently developing cutting-edge logic semiconductors using 2-nanometer technology and aims to begin large-scale production during fiscal year 2027.
Earlier this year in February, the company obtained approximately 160 billion yen in combined private sector investments, while anticipating 250 billion yen in government funding.
