Latest news with #RapidusCorp.
The Mainichi
3 days ago
- Automotive
- The Mainichi
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.
Yahoo
31-03-2025
- Business
- Yahoo
Japan Earmarks Another $5.4 Billion for Chip Startup Rapidus
(Bloomberg) -- Japan is preparing as much as ¥802.5 billion ($5.4 billion) in additional aid for chip startup Rapidus Corp., a move that reflects Tokyo's growing resolve to secure semiconductor supplies during a time of heightened US-China tensions. Gold-Rush Fever Returns to Historic New Zealand Mining Town What Frank Lloyd Wright Learned From the Desert Bank Regulators Fight for Desks as OCC Returns to New York Tower These US Bridges Face High Risk of Catastrophic Ship Strikes Charter Schools, Colleges Push Muni Debt Distress Near Record The Economy Ministry said Monday it approved as much as ¥675.5 billion of additional support for front-end processing and another ¥127 billion for back-end processing, which includes chip packaging and testing, to help Rapidus mass produce advanced semiconductors from scratch. That would bring the total amount of taxpayer money the country's so far earmarked for the fledgling contract chipmaker to as much as ¥1.72 trillion. Rapidus is on track to get a pilot line online in April, executives said last week. The startup, backed by Toyota Motor Corp., Sony Group Corp. and SoftBank Corp. aims to begin mass production of next-generation chips in 2027 — a highly ambitious target — to try to catch up to Taiwan Semiconductor Manufacturing Co. from scratch. Trump's IRS Cuts Are Tempting Taxpayers to Cheat Google Is Searching for an Answer to ChatGPT Israel Aims to Be the World's Arms Dealer Business Schools Are Back How a US Maker of Rat-Proof Trash Bins Got Boxed in by Trump's Tariffs ©2025 Bloomberg L.P. Sign in to access your portfolio
