Rapidus is building a factory in Chitose City, Hokkaido, aiming to mass-produce 2 nm wafers in 2027. According to a report from MoneyDJ, Japan’s Minister of Economy, Trade and Industry visited Rapidus’s factory under construction on October 24th, considering to offer additional assistance to Rapidus.
The president of Rapidus claimed that if the mass production of 2 nm goes smoothly, the second factory plans to mass produce 1.4 nm, according to the report from MoneyDJ.
The report from MoneyDJ, citing sources from Kyodo News, stated that Japanese Minister of Economy, Trade and Industry Muto Yoji, following the visit, announced at a press conference that the government is considering providing additional support to Rapidus. This includes exploring private sector investments and loans, as well as the possibility of submitting a bill to Congress for loans and funding for Rapidus.
According to Kyodo News, Rapidus President Atsuyoshi Koike stated that construction is progressing smoothly and is 80% complete. He also emphasized that if mass production of the 2 nm process goes well, they plan to build another plant aimed at producing 1.4 nm chips.
Regarding clients for the 2 nm process, Rapidus President Atsuyoshi Koike mentioned in a press conference on October 3rd that, in addition to the already disclosed companies, they are negotiating with 40 others, with potential announcements expected next year.
According to a report from Nippon news, on October 18th, Toyota Motor Corp. and Denso Corp. are considering making additional investments in Rapidus. The news pointed out that Rapidus has been asking shareholders and others for investments reaching 100 billion yen.
According to the report from MoneyDJ, Rapidus aims to mass-produce 2-nm chips in 2027. This mass production plan is estimated to require approximately 5 trillion yen. Currently, the Japanese government has decided to assist Rapidus with 920 billion yen, but there is still a funding gap about 4 trillion yen.
According to a report from Nikkei, the Japanese government has considered to transferring government-subsidized plants and equipment to Rapidus in exchange for company shares.
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(Photo credit: Rapidus)