TOKYO — Three Japanese megabanks are planning to invest up to 5 billion yen ($35 million) each in Rapidus, a Japanese chipmaker that aims to mass produce cutting-edge semiconductors, the Nikkei has learned.
The government-backed Development Bank of Japan will also contribute 10 billion yen, bringing the total capital contribution of major banks to 25 billion yen ($175 million). The goal is to secure the necessary funds for investment and stabilize cash flow before mass production begins in 2027.