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Monday
2024/08/12
Japan invests 17.2 trillion yen in semiconductors to ensure chip supply.
Jin10 Data March 31 news, 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 stated on Monday that it has approved additional support of up to 675.5 billion yen for front-end processing and 127 billion yen for back-end processing (including chip packaging and testing) to help Rapidus mass-produce 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.