Japanese chip startup Rapidus had initially aimed to mass-produce cutting-edge chips by March 2028, but the project has fallen behind schedule and is now highly likely to miss that target. The company has yet to successfully fabricate a fully functional static random-access memory (SRAM) cell—a critical milestone required for 2-nanometer chips. If the delay proves substantial, the public funding support it has received—including billions of dollars in government subsidies—could be affected. Rapidus had originally planned to go public by 2032.
