Japan next-generation chip venture handed $3.9bn subsidies
Hindustan TimesJapan announced up to $3.9 billion in fresh subsidies Tuesday for next-generation semiconductor venture Rapidus, as it seeks to become a big player in the chip sector again. HT Image Motivated by geopolitical concerns surrounding Taiwan, Japan is vying with the United States and Europe to attract chipmakers with massive subsidies ahead of a predicted revolution in artificial intelligence. "The Rapidus project is extremely important state-of-the-art semiconductors that can influence the competitiveness of Japan's industry as a whole," Japanese economy ministry official Hidemichi Shimizu told reporters. The new TSMC plant in Japan took a relatively short 22 months to build, earning praise from the firm's founder Morris Chang, 92, who made a rare overseas trip to open the plant.
History of this topic
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