Japan's Rapidus project, backed by major global companies, aims to revive the country's semiconductor sector with government support of up to 4 trillion yen ($25.7bn).
Japan's Rapidus project, uniting major global companies, is deemed the "last opportunity" to revive the nation's once-leading semiconductor sector, as its chairman warns. Despite government backing, challenges lie ahead for the project to help Japan's digital technology industry catch up with competitors. Tokyo has pledged up to 4 trillion yen ($25.7bn) in subsidies to triple domestic chip sales to 15 trillion yen by 2030.
May 17, 2024
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