Japan is looking to become a player in the semiconductor industry again after 20 years. Rapidus Corp., a newly-formed Japanese chip maker, plans to compete with Samsung and TSMC by producing 2-nanometer chips in just four years.
Bloomberg reports that Rapidus is spending billions of dollars on building a domestic chip plant by 2027 with state backing. The newly formed chip maker has also gotten huge investments from Japanese equipment manufacturers like Sony and Toyota. The Japanese government already has plans to earmark over $2.4 billion (¥330 billion) yearly for the future semiconductor manufacturer.
