Japan approves $3.9B in subsidies for chipmaker Rapidus

TOKYO — Japan’s industry ministry said on Tuesday it has approved subsidies worth up to 590 billion yen ($3.9 billion) for chip foundry venture Rapidus as Tokyo pushes forward with plans to rebuild the country’s chip manufacturing base. Rapidus is headed by industry veterans and is targeting mass production of cutting-edge chips on the northern
Read The Rest at :