Japan's METI seeks $940m for Rapidus in FY27 budget request
( September 1, 2026, 02:06 GMT | Official Statement) -- MLex Summary: Japan’s Ministry of Economy, Trade and Industry said Monday it is seeking 150 billion yen ($940 million) in fiscal 2027 funding for Japanese chipmaker Rapidus from the government-affiliated Innovation Platform Agency as part of the ministry’s fiscal 2027 budget request. The request follows a 150 billion yen government investment in Rapidus completed in June, as the company aims to begin mass production of next-generation semiconductors in fiscal 2027. Statements are attached (in Japanese)....
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