Future Tech

Japanese chipmaker Rapidus considers listing for capex needs -Kyodo

Tan KW
Publish date: Wed, 03 May 2023, 02:56 PM
Tan KW
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Future Tech

TOKYO - Japanese microchip maker Rapidus estimates that it needs about 2 trillion yen ($14.71 billion) for technological development, for which it will seek mid to long-term assistance from the government, the chair of the company told the Kyodo news agency.

The company also requires an additional 3 trillion yen to fund mass production and is considering listing to raise capital for that purpose, Rapidus chair Tetsuro Higashi said in the interview published on Wednesday.

 


  - Reuters

 

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