Market Chatter: Japan Plans 200 Billion Yen Boost for Rapidus

MT Newswires Live11-22 08:13

The Japanese government plans to invest 200 billion yen in Rapidus in fiscal 2025 to aid in next-gen chip production, according to a Mainichi report on Thursday, citing sources familiar with the matter.

This new funding follows 920 billion yen already allocated and aims to encourage private sector investment, added the news portal.

A financial package, including this investment, may be approved soon, with possible loan guarantees legislation, said the Mainichi.

Rapidus requires 5 trillion yen for a Hokkaido plant to start mass production in 2027, backed by IBM's technical expertise, added the report.

The domestic chip venture is jointly controlled by eight major Japanese companies, including Toyota Motor (TYO:7203) and Sony Group (TYO:6758), the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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