{"id":31928,"date":"2023-05-03T06:49:12","date_gmt":"2023-05-03T06:49:12","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/japanese-chipmaker-rapidus-considers\/"},"modified":"2023-05-03T06:50:23","modified_gmt":"2023-05-03T06:50:23","slug":"japanese-chipmaker-rapidus-considers","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/japanese-chipmaker-rapidus-considers\/","title":{"rendered":"Japanese chipmaker Rapidus considers listing for capex needs -Kyodo"},"content":{"rendered":"

TOKYO (Reuters) -Japanese microchip maker Rapidus estimates that it needs about 2 trillion yen ($14.71 billion) for technological development, for which it will seek mid to long-term assistance from the government, the company’s chairman told the Kyodo news agency.<\/p>\n

The company also requires an additional 3 trillion yen to fund mass production and is considering listing to raise capital for that purpose, Rapidus chairman Tetsuro Higashi said in the interview published on Wednesday. <\/p>\n

Industry Minister Yasutoshi Nishimura said last week the government plans to give 260 billion yen in additional subsidy on top of a 70 billion yen funding. Rapidus is planning to build a cutting-edge two-nanometre chip factory in Japan’s northern major island of Hokkaido.<\/p>\n

“Going public is a major means of forming the foundation of the company” as a way to raise 3 trillion yen, Higashi said in the interview.<\/p>\n

($1 = 135.9500 yen)<\/p>\n

(Reporting by Satoshi SugiyamaEditing by David Goodman and Muralikumar Anantharaman)<\/p>\n

\"tagreuters.com2023binary_LYNXMPEJ4205Y-VIEWIMAGE\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TOKYO (Reuters) -Japanese microchip maker Rapidus estimates that it needs about 2 trillion yen ($14.71 billion) for technological development, for which it will seek mid to long-term assistance from the government, the company’s chairman told the Kyodo news agency. The company also requires an additional 3 trillion yen to fund mass production and is considering […]<\/p>\n","protected":false},"author":8,"featured_media":31929,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1220],"tags":[1223],"class_list":["post-31928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-technology","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportTechnologyNews\/tagreuters.com2023binary_LYNXMPEJ4205Y-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/31928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=31928"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/31928\/revisions"}],"predecessor-version":[{"id":31935,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/31928\/revisions\/31935"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/31929"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=31928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=31928"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=31928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}