• Sat. Apr 20th, 2024

Japanese Government Provides $3.89 Billion in Funding to Rapidus for 2nm Process Technology Development

BySamantha Jones

Apr 3, 2024
Rapidus secures $3.9 billion in government funding for 2nm and multi-chiplet technologies

Rapidus, a Japanese technology company, is developing 2nm process technology with plans to launch it commercially in 2027. To support its ongoing projects, the Japanese government has provided Rapidus with a substantial grant of ¥590 billion yen ($3.89 billion). This funding will go towards developing the 2nm production node and purchasing cleanroom equipment, as well as the development of multi-chiplet packaging technology.

With the government’s total support now at ¥920 billion ($6.068 billion), Rapidus is receiving a major boost towards achieving its goals in the semiconductor industry. Despite the hefty project cost estimate of around ¥5 trillion ($32.983 billion), the company is hopeful that with the backing of prominent Japanese companies like Toyota Motor and Nippon Telegraph and Telephone, it will secure enough financing to move forward.

Rapidus’s CEO, Atsuyoshi Koike, has outlined the company’s timeline for commercial production of 2nm chips to kick off in 2025 and large-scale production by 2027. The company is also focusing on advanced packaging technology for multi-chiplet System-in-Packages (SiPs) through partnerships with IBM and Seiko Epson Corporation’s Chitose Plant.

In addition to working on advanced packaging technology, Rapidus is also constructing a manufacturing facility in Bibi World, an industrial park in Chitose City, which will be used for pilot-stage research and development activities. The recent government subsidies include more than ¥50 billion ($329.85 million) specifically allocated for research and development in this area, marking the first time Japan has offered subsidies for such technologies.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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