Japanese state hands Rapidus US$1.6 billionBloombergThe Japanese government would invest ￥250 billion (US$1.6 billion) in state-backed Rapidus Corp as part of Japanese Prime Minister Sanae Takaichi’s pledge to boost domestic chipmaking. Under the new arrangement, the government would initially hold only about 10 percent of Rapidus’ voting shares and own the majority of its stake in non-voting stock, Japanese Ministry of Economy, Trade and Industry official Tomoshige Nambu said yesterday. The Rapidus Corp booth is pictured at the Semicon Japan exhibition in Tokyo on Dec. 17 last year. Photo: BloombergHowever, the state retains the right to convert them into voting shares to seize majority control if the company faces financial distress. On top of state support, Rapidus has also secured ￥167.6 billion from about 30 private companies to help its goal of launching mass production by March 2028.

Source: Taipei Times February 27, 2026 17:15 UTC