Japan's Rapidus raises sales target on upbeat outlook for AI devices

Government-backed chip startup eyeing trillion-yen revenue by 2030

20240604 Rapidus Chairman Tetsuro Higashi Portrait

Rapidus Chairman Tetsuro Higashi says the Japanese chip startup is optimistic about AI-driven demand. (Photo by Yuki Kohara)

RYOHTAROH SATOH, Nikkei staff writer

TOKYO -- Japanese government-backed chipmaker Rapidus is aiming for higher sales for its cutting-edge semiconductors than previously anticipated as it expects strong demand for AI in PCs and smartphones.

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