On November 21, 2025, Akira Akasawa, the Japanese Minister of Economy, Trade and Industry, made a significant announcement. The government has earmarked a substantial investment of 100 billion yen for the semiconductor firm Rapidus. Moreover, on this very day, the company's initial public offering (IPO) plan was disclosed, with expectations of going public around the fiscal year 2031. On the same date, the Ministry of Economy, Trade and Industry (METI) hand - picked Rapidus as a next - generation semiconductor manufacturer that qualifies for financial support under the Information Processing Promotion Law. Prior to this, relevant discussions had culminated in a final decision. This decision was based on the implementation plan submitted by Rapidus. As per the plan, METI will channel 100 billion yen from the initial budget of the fiscal year 2025 through the Information - technology Promotion Agency (IPA) to fund the initial investment. Rapidus has laid out an ambitious roadmap. It intends to kick - start mass production of 2nm process semiconductors in the latter half of the fiscal year 2027. Subsequently, it plans to roll out mass production of new - generation processes every 2 - 3 years. The company has also set specific financial targets. It aims to achieve a positive operating cash flow around the fiscal year 2029 and a positive free cash flow around the fiscal year 2031.