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.
