TOKYO -- Japan's three megabanks plan to invest up to 5 billion yen ($35 million) each in Japanese chipmaker Rapidus, which aims to mass-produce cutting-edge semiconductors, Nikkei has learned.
The government-backed Development Bank of Japan will also contribute 10 billion yen, bringing the major banks' total capital contribution to 25 billion yen ($175 million). The aim is to secure the funds needed for investment, and to stabilize cash flows ahead of the start of mass production in 2027.
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