Japanese authorities will allocate an additional $3.8 billion to support chip manufacturer Rapidus

“Today we have decided to provide additional assistance to support the semiconductor manufacturing sector. The coming year will be very important for Rapidus. The amount of additional assistance will be 560 billion yen. Next-generation semiconductors are a technology that is key to the competitiveness of Japanese industry. The Ministry of Economy, Trade and Industry will also do everything possible to ensure the success of the project,” he said.

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