Japan Earmarks Extra $9.9 Billion for Chips and AI This Year
Japan is allocating another ¥1.5 trillion ($9.9 billion) to boost its chip and artificial intelligence endeavors including moonshot foundry project Rapidus Corp.The government’s extra budget for the fiscal year to March sets aside ¥1.05 trillion to develop and research fields related to next-generation chips and quantum computers and another ¥471.4 billion to support domestic advanced chip production. No decision has been made on how much of that will go to Rapidus, according to the Ministry of ...
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