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On February 27, 2026, it was reported that the Japanese government will invest 250 billion yen (approximately US$1.6 billion) in chipmaker Rapidus, with the funds to be disbursed over the next two fiscal years. This move brings Japan one step closer to its goal of providing a total of 3 trillion yen in support to Rapidus, aiming to facilitate the mass production of 2-nanometer logic chips and challenge industry leader TSMC. Initially, the government will hold approximately 10% of Rapidus' voting shares, with the remainder being non-voting shares. It reserves the right to convert shares in the event of financial distress and will also acquire 'golden shares' to possess ultimate veto power. Additionally, Rapidus has secured a total of 167.6 billion yen in funding from around 30 private companies and plans to commence mass production in March 2028.
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