Japan gov't owns 11% voting rights in Rapidus to push domestic chip output

The Japanese government said Friday it has become the largest shareholder in state-backed chipmaker Rapidus Corp., holding 11.5 percent of its voting rights in its latest push to establish a stable domestic supply of semiconductors.The government spent 100 billion yen ($640 million) for a 40 percent stake in Rapidus, including shares without voting rights that can be converted to seize majority control if the chipmaker's business is in jeopardy.The investment brought the total public-private capital injection in the chip manufacturer to 267.6 billion yen, with 32 other entities, including S…READ FULL ARTICLE