Key facts
- Rapidus Corporation completed a funding round of 150 billion yen.
- The funding was provided by the Information-Technology Promotion Agency (IPA), Japan.
- The funds are intended to support domestic chip manufacturing capabilities.
Rapidus Corporation announced the completion of an additional funding round totaling 150 billion yen (approximately $943 million USD). The investment was made by the Information-Technology Promotion Agency (IPA), Japan, an independent administrative agency. This funding is designated to support the development of domestic semiconductor manufacturing capabilities within Japan, aligning with broader national strategies to enhance the country's position in the global semiconductor supply chain.