New chip manufacturing facility from Japan

Japanese semiconductor chip consortium Rapidus announced that it will establish a chip manufacturing facility in the northernmost Hokkaido region of the country with an investment to be allocated a budget of 5 trillion yen (37 billion dollars). According to the statement of the semiconductor chip consortium Rapidus, which includes 8 Japanese companies including Toyota and Sony, a chip manufacturing facility will be established in Hokkaido. The investment, which will be allocated a budget of 5 trillion yen (37 billion dollars) including R&D, will target the production of two-nanometer chips. Rapidus President Koike Atsuyoshi said, "We hope for a specific plan based on the government's budget approval procedure" regarding the new technology investment. The Rapidus consortium, which includes 8 Japanese companies including Toyota and Sony and is supported by the Japanese government, was established in August 2022. In the face of a semiconductor chip shortage across sectors from automobiles to smartphones, tablets to game consoles, manufacturers are being forced to invest.