Japan's Rapidus to get state loan guarantees for 2-nm chip facility

Tokyo steps in to facilitate funding for mass-producing cutting-edge semiconductors

20240530 Rapidus constructing factory

Rapidus is constructing a new factory in Hokkaido, aiming to start test-line operation as early as spring 2025. (Photo by Hajime Tsukada)

RIHO NAGAO, Nikkei staff writer

TOKYO -- Japan's government plans to offer loan guarantees for state-backed chipmaker Rapidus as the company pursues bank funding for the mass production of advanced semiconductors, Nikkei has learned.

Rapidus looks to produce the cutting-edge 2-nanometer chips on the northern island of Hokkaido by 2027, at an estimated cost of 5 trillion yen ($31.8 billion).

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