Japan's Rapidus seeks 100 bil. yen in loans for chip production

Japanese chipmaker Rapidus Corp. has approached four banks for loans totaling approximately 100 billion yen ($685 million) as part of its efforts to secure about 5 trillion yen needed for mass production of next-generation semiconductors by 2027, a source familiar with the matter said Wednesday.The Japanese government-backed venture, established in 2022 to bolster the country's economic security through advanced semiconductor production, requested loans from Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corp. and the Development Bank of Japan, as it still needs around 4 trillion yen in ad…READ FULL ARTICLE