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Japan to give chipmaker Rapidus nearly $2bn more in aid

Money going to R&D, including dispatching of engineers to IBM

Rapidus is a key piece of Japan's efforts to bring advanced semiconductor manufacturing back to the country.   © Reuters

TOKYO -- Japan will provide Rapidus an additional 260 billion yen ($1.94 billion) in assistance under plans announced Tuesday as the government spearheads efforts to strengthen domestic semiconductor production.

Founded in 2022, government-backed chipmaker Rapidus aims to begin mass production of cutting-edge 2-nanometer semiconductors in the latter half of the decade. Rapidus announced a chip technology licensing agreement in late 2022 with IBM, which successfully produced a 2-nm prototype in 2021.

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