Honda to invest in Japanese chipmaker Rapidus

TOKYO -- Honda Motor is preparing to invest in Japanese chipmaker Rapidus to domestically procure semiconductors for next-generation automobiles, Nikkei has learned. 

Rapidus already has Toyota Motor as its main shareholder. By backing the company established in August 2022, the two major Japanese automakers will secure sources of chips made in the country, which will also help Rapidus begin mass production of cutting-edge products and find customers.