Japan gov’t to inject $640m equity funding into Rapidus chipmaker
Rapidus, a state-backed Japanese chipmaker, plans to go public around fiscal 2031.
The government will invest about ¥100 billion (US$640 million) through an equity facility.
Rapidus aims to start mass-producing 2-nanometer chips in fiscal 2027 and expects positive free cash flow by fiscal 2029.
……Read full article on Tech in Asia
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