Japan megabanks, DBJ to invest up to $175m in Rapidus

Chipmaker aims to raise cash for 2-nm mass production, starting in 2027

20240926 Rapidus Megabanks photo_SXM2024092600008832.jpg

Japan's three megabanks and the Development Bank of Japan will invest in domestic chipmaker Rapidus to support the mass production of cutting-edge semiconductors, starting in 2027.

JUN WATANABE and KOTARO HOSOKAWA, Nikkei staff writers

TOKYO -- Japan's three megabanks plan to invest up to 5 billion yen ($35 million) each in Japanese chipmaker Rapidus, which aims to mass-produce cutting-edge semiconductors, Nikkei has learned.

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