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Updated February 9th, 2024 at 17:36 IST

Japan offers $301 mn support for semiconductor research

The Leading-edge Semiconductor Technology Center (LSTC), chaired by Rapidus Chairman Tetsuro Higashi, comprises various research institutions and universities.

Reported by: Business Desk
Semiconductors
Semiconductors | Image:Unsplash
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Semiconductor research in Japan: On Friday, Japan's trade ministry announced plans to offer backing worth up to 45 billion yen ($301 million) to an organisation focused on cutting-edge semiconductor technology research. This initiative includes support for the chip foundry venture Rapidus.

The Leading-edge Semiconductor Technology Center (LSTC), chaired by Rapidus Chairman Tetsuro Higashi, comprises various research institutions and universities.

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This support aligns with Japan's efforts to bolster its chip manufacturing capabilities. Rapidus, supported by substantial subsidies, aims to commence mass production of 2-nanometer logic chips in Hokkaido, aiming to compete with industry leaders like Taiwan's TSMC.

In a further vote of confidence in Japan's manufacturing capabilities, TSMC recently announced plans to construct a second fab in Japan, set to commence operations by 2027.

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(With Reuters inputs)

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Published February 9th, 2024 at 17:36 IST

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