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

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

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

RIHO NAGAO, Nikkei staff writer

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.

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