{"id":4661,"date":"2023-04-10T00:47:30","date_gmt":"2023-04-10T00:47:30","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/japan-to-add-2-3\/"},"modified":"2023-04-10T00:49:30","modified_gmt":"2023-04-10T00:49:30","slug":"japan-to-add-2-3","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/japan-to-add-2-3\/","title":{"rendered":"Japan to add $2.3 billion subsidy to Rapidus for Chitose chip plant – media"},"content":{"rendered":"

TOKYO (Reuters) – Japan’s industry ministry is finalising a plan to provide state-backed chip maker Rapidus an additional 300 billion yen ($2.27 billion) in funding to build a semiconductor plant in the northern island of Hokkaido, a local paper reported on Saturday.<\/p>\n

Rapidus, which in February picked Chitose, near Sapporo, as the site for a cutting-edge two-nanometre chip factory, previously secured an initial 70 billion yen funding from the government.<\/p>\n

The additional grant will be used to help Rapidus build a prototype line scheduled to launch in 2025, the Hokkaido Shimbun paper said, citing multiple unidentified sources.<\/p>\n

Rapidus chair Tetsuro Higashi told Reuters in February that it would need about 7 trillion yen of mostly taxpayer money to begin mass-producing advanced logic chips in around 2027, with support from American chip giant IBM Corp.<\/p>\n

The Japanese government is also offering up to 476 billion yen in subsidies to a Taiwan Semiconductor Manufacturing Co (TSMC) plant in Kyushu, in which Sony Group Corp and Denso Corp each have a minority stake.<\/p>\n

($1 = 132.3100 yen)<\/p>\n

\n

(Reporting by Kantaro Komiya; Editing by Kenneth Maxwell)<\/p>\n

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TOKYO (Reuters) – Japan’s industry ministry is finalising a plan to provide state-backed chip maker Rapidus an additional 300 billion yen ($2.27 billion) in funding to build a semiconductor plant in the northern island of Hokkaido, a local paper reported on Saturday. Rapidus, which in February picked Chitose, near Sapporo, as the site for a […]<\/p>\n","protected":false},"author":8,"featured_media":4662,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1220],"tags":[],"class_list":["post-4661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-technology"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportTechnologyNews\/tagreuters.com2023binary_LYNXMPEJ3900D-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/4661","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=4661"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/4661\/revisions"}],"predecessor-version":[{"id":4663,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/4661\/revisions\/4663"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/4662"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=4661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=4661"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=4661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}