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Japan to hike subsidies to 2nm chip maker Rapidus, an IBM partner

Japan will increase the financial support it’s giving to semiconductor maker Rapidus — established with the aim of making cutting-edge, 2-nanometer chips — in order to further support domestic production, according to Japanese trade and industry minister Yasutoshi Nishimura.

“The government is ready to continue and beef up financial support to the company,” Nishimura said in an interview with Bloomberg. He added that the plan will require the government to invest trillions of yen in the project.

The Tokyo-based manufacturer was established in 2022 with the aim of making 2nm chips in Japan by 2025. To date, it has received ¥70 billion (US$532 million) from the Japanese government, in addition to investments from Toyota, Sony, and telecom giant NT&T.

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Source:: Network World – Data Center