Japanese Prime Minister Shigeru Ishiba has announced a plan that will provide support worth 10 trillion yen or more by fiscal 2030.
The proposal will provide support worth 10 trillion yen or more by fiscal 2030, Prime Minister Shigeru Ishiba said earlier this week. Founded in 2022 by the Japanese government, Rapidus has backing from a host of Japanese firms— including Toyota Motor and the Sony Group — and is collaborating with U.S. tech giant IBM.
Through its chip subsidies, which have mostly been geared toward increasing manufacturing capacity, the country should be able to expand into other aspects of the supply and enhance its position, Yang added.
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