Japan to give Rapidus 260 bil. yen subsidy for new Hokkaido plant

Japan said Tuesday it will provide chipmaker Rapidus Corp. an additional subsidy of 260 billion yen ($1.9 billion) for a new factory to be built in Hokkaido, northern Japan, in an effort to boost domestic advanced chip production.The industry ministry had already announced a subsidy of 70 billion yen to the chipmaker for development purposes, bringing the total amount of government support for Rapidus to 330 billion yen."We would like to continue promoting the next-generation chip project in cooperation with relevant parties in the country and abroad," Economy, Trade and Industry Minister Y…READ FULL ARTICLE