Japanese chipmaker Rapidus to build advanced chip plant in Hokkaido

State-backed chipmaker Rapidus Corp. said Tuesday it will build a plant in Hokkaido, northern Japan, as it seeks to begin mass-production of chips with state-of-the-art 2-nanometer technology in five years.The company declined to provide the investment plan for the new plant but has said it will spend 5 trillion yen ($37 billion), including research and development expenditure, to launch mass-production.The factory will be a chip-production hub in Japan, as the country aims to rejuvenate its semiconductor sector through government initiatives.Rapidus President Atsuyoshi Koike said in a meet…READ FULL ARTICLE