The Ministry of Finance and the Ministry of Economy, Trade and Industry of Japan reached an agreement during a ministerial meeting on the Japanese government's budget proposal for the fiscal year 2025 (starting in April next year), agreeing to allocate 332.8 billion yen (approximately 15.46 billion yuan) to support the development of the advanced Semiconductors industry. Part of this funding will be used to support the facility construction and daily running of the advanced chip manufacturer Rapidus. Rapidus is building its first 2nm process wafer factory IIM-1, aiming for trial production in April 2025 and mass production in 2027.
日政府拟编制3328亿日元半导体预算，有望成Rapidus主要股东
The government plans to allocate a budget of 332.8 billion yen for Semiconductors, expected to become the major shareholder of Rapidus.
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