Honda mulls investment in state-backed Japan chip venture Rapidus
TOKYO (Kyodo) -- Honda Motor Co. is considering investing in the state-backed Japanese chip venture Rapidus Corp., sources familiar with the matter said Tuesday, in a move that is likely to be utilized in cutting-edge technology, including autonomous driving.
If realized, the Japanese automaker would follow Toyota Motor Corp., one of eight major companies that invested in Rapidus when it was established in 2022.
The chip venture plans to begin mass production of the state-of-the-art 2-nanometer chip, not yet commercially available worldwide, in 2027 through a technology collaboration with IBM Corp.
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