Japan’s Rapidus on Hiring Spree to Build Cutting-Edge Chips

In an effort to build a state-of-the-art chip foundry by 2027. The Japanese government-backed company Rapidus Corp. claimed to have hired more than 200 workers. Leader Taiwan Semiconductor Manufacturing Co.

In an unlikely attempt to establish an Japan’s Rapidus on Hiring Spree internationally competitive semiconductor manufacturing industry in Chitose, Japan’s most northern prefecture of Hokkaido.

Rapidus, a firm created only a year ago, is investing billions of dollars in subsidies. Politicians claim that this is an endeavor that is required as Japan’s economy ages to maintain its global technical relevance.

In an effort to build a state-of-the-art chip foundry by 2027. The Japanese government-backed company Rapidus Corp. claimed to have hired more than 200 workers. Leader Taiwan Semiconductor Manufacturing Co.

Japan’s Rapidus on Hiring Spree

In an unlikely attempt to establish an Japan’s Rapidus on Hiring Spree internationally competitive semiconductor manufacturing in Chitose, Japan’s most northern prefecture of Hokkaido.

Rapidus, a firm created only a year ago, is investing billions of dollars in subsidies. Politicians claim that this is an endeavor that is required as Japan’s economy ages to maintain its global technical relevance.

Atsuyoshi Koike, president of Rapidus, stated at a news conference. On Friday after a groundbreaking ceremony for the company’s future facility that “this is a once-in-a-thousand-year chance.” “This chance won’t come up again.”

Rapidus stated that it intended to install chip equipment.

In December 2024 and start test production with the goal of putting 2-nanometer chips into mass production by 2027.

According to Rapidus Chairman Tetsuro Japan’s Rapidus on Hiring Spree Higashi, that goal is “daunting but doable” with the help of international partners and domestic equipment manufacturers.

The government of Prime Minister Fumio Kishida has promised billions of dollars in subsidies to boost domestic chip manufacturing. In an effort to revitalize the ailing economy and reclaim global supremacy in semiconductors.

Rapidus will get 330 billion yen ($2.4 billion) from the Japanese government. Yasutoshi Nishimura, minister of the economy, stated that the nation is ready to continue supporting the startup.

Around 130 people, including executives from chip gear manufacturers including ASML Holding NV in the Netherlands and Lam Research Corp. In Fremont, California, attended the groundbreaking ceremony.