Limit foreign funding in Japan's Rapidus, former chip czar says

TOKYO -- Activist foreign investment in the government-led chip project Rapidus should be blocked, according to Japan's former chip policy czar, as the project struggles to secure significant funding from domestic companies.

Once Rapidus succeeds, "chip-related companies with substantial capital will be eager to acquire [some of its shares]," Akira Amari, a recently retired heavyweight in the ruling party, told Nikkei Asia. "But so-called activist funds, I would definitely refuse."