Rapidus' Ambitious Semiconductor Plan Could Land 100 Billion Yen Investment
Applications for Japanese government aid to boost domestic semiconductor production have closed, with only Rapidus Corp. submitting a proposal. The company's ambitious business plan, if approved, could attract a substantial 100 billion yen investment.
Rapidus' application was the sole submission before the deadline on Thursday. The company's plan, if given the green light, would see a significant investment of 100 billion yen for mass-producing advanced semiconductors in Japan. This substantial funding is contingent upon Rapidus issuing a 'golden share' to the Innovation Network Corporation of Japan (INCJ), granting the government veto power.
The expert group responsible for reviewing Rapidus' business plan is known as the 'Review Committee'. This committee will now scrutinise the proposal, with a focus on the company's strategy for semiconductor mass production and its potential impact on Japan's tech industry.
With the application period now closed, all eyes are on the Review Committee as they assess Rapidus' proposal. If approved, the 100 billion yen investment could significantly bolster Japan's semiconductor manufacturing capabilities, with Rapidus' 'golden share' arrangement ensuring government oversight.
