en.Wedoany.com Reported - Japan's semiconductor company Rapidus Corporation announced that it has received an additional 150 billion yen (approximately $9.43 billion) in funding from the Information-Technology Promotion Agency (IPA), an independent administrative agency under Japan's Ministry of Economy, Trade and Industry (METI), operating in accordance with the Act on the Promotion of Information Processing.

Earlier this year, Rapidus had already received 100 billion yen in investment from IPA, along with a total of 167.6 billion yen in funding from 32 private companies including Canon, Development Bank of Japan Inc., Fujitsu, NTT, SoftBank, and Sony Group. At that time, Rapidus announced that its registered capital and statutory capital reserve totaled 274.95 billion yen. Following this additional investment from IPA, Rapidus's total funding has now reached 424.95 billion yen.

Since fiscal year 2022, Rapidus has received subsidies from Japan's New Energy and Industrial Technology Development Organization (NEDO) for participation in the "Post-5G Information and Communication System Infrastructure Enhancement R&D Project / Advanced Semiconductor Manufacturing Technology Development (Commissioned)." These projects are part of the "2nm Generation Semiconductor Integrated Technology Based on Japan-U.S. Cooperation and Short Turnaround Time (TAT) Manufacturing Technology Development" and the "2nm Generation Semiconductor Chiplet and Packaging Design and Manufacturing Technology Development."

To support the company's transition from the R&D phase to full-scale mass production of 2nm logic semiconductors by 2027, Rapidus stated that it will continue to raise capital and financing through a mix of public and private channels.

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