TOKYO -- A lawmaker in Japan's ruling Liberal Democratic Party said the government is considering an "extremely exceptional" bill to guarantee loans for the government-backed chip startup Rapidus to help it attract private investors and reduce its dependence on taxpayer money.
Semiconductors
Japan readying 'exceptional' bill to help Rapidus secure funding
LDP lawmaker says aim is for banks to provide bulk of chip startup's support
Diet member Yoshihiro Seki said a bill to guarantee loans for the government-backed chip startup Rapidus will be presented to the legislature as early as this fall. (Photo by Ken Kobayashi)
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