The Ministry of Economy, Trade and Industry has decided to provide approximately 590 billion yen in support to a new factory being built in Hokkaido by Rapidus, which aims to domestically produce cutting-edge semiconductors. The amount of government support for Rapidus, including the amount decided so far, will exceed 900 billion yen.
Rapidus was established a year ago with investment from Toyota Motor Corporation, NTT, Sony Group, and others, with the aim of domestically producing cutting-edge semiconductors that are essential for self-driving cars and AI (artificial intelligence).
Aiming for mass production around 2027, we are building a new factory in Chitose City, Hokkaido, and plan to build a prototype line next year.
According to people involved, the Ministry of Economy, Trade and Industry has decided to provide approximately 590 billion yen in new support to support Rapidus' construction of a new factory, including the cost of installing manufacturing equipment and further research and development. Ta.
The government has already decided to support Rapidus in the amount of 330 billion yen, and when this amount is included, the amount of government support will reach over 900 billion yen.
The Ministry of Economy, Trade and Industry plans to announce this new support soon.