The Ministry of Economy, Trade and Industry has not yet decided how much of this funding will be allocated to Rapidus. The move is part of Japan's broader efforts to advance its technological capabilities and competitiveness in the global market.
Key takeaways:
- Japan is investing an additional ¥1.5 trillion ($9.9 billion) to enhance its chip and artificial intelligence projects, including the moonshot foundry project Rapidus Corp.
- The government's extra budget for the fiscal year to March has allocated ¥1.05 trillion for the development and research in next-generation chips and quantum computers.
- An additional ¥471.4 billion has been set aside to support domestic advanced chip production.
- No decision has been made yet on the amount that will be allocated to Rapidus, as per the Ministry of Economy, Trade and Industry.