Japan offers $300 million backing for chip research organisation
Fri, Feb 9, 2024 4:27 PM

Japan offers $300 million backing for chip research organisation

A Flip by Shubhangi Gupta
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Japan's trade ministry is providing up to 45 bn yen in backing to the Leading-edge Semiconductor Technology Center, led by chip foundry venture Rapidus, for research into cutting-edge semiconductor technology. This support is part of Japan's efforts to rebuild its chip manufacturing base and compete with leading companies like TSMC, which recently announced plans to build a second fab in Japan.

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