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Japan's new chipmaker seeks to break free from 'lost decade'

Can hoped-for national champion Rapidus avoid failures of the past?

Japan sees its dependence on Taiwan for advanced chips as a risk. (Photo by Ryosuke Eguchi)

TOKYO -- Japan unveiled Friday its latest attempt to create a national champion in cutting-edge semiconductors: a company named Rapidus that targets mass production in 2027.

Toyota Motor and NTT are among the eight companies investing in the project, which hopes to succeed where other government-backed initiatives have failed.

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