Rapidus IPA funding reaches $2.65bn

Earlier this year, Rapidus announced that it received a $620 million investment from the IPA, in addition to private-sector funding, totalling $1.64 billion million from 32 companies including Canon, Development Bank of Japan., Fujitsu, NTT, SoftBank and Sony Group.

Simultaneously, Rapidus announced that the total amount of stated capital and legal capital surplus reached $1.72 billion. As a result of this latest capital increase by the IPA, Rapidus funding now totals $2.65  billion.

Since its fiscal year 2022, Rapidus has received subsidies from Japan’s New Energy and Industrial Technology Development Organization under the “Post-5G Information and Communication Systems Infrastructure Enhancement R&D Project / Development of Advanced Semiconductor Manufacturing Technology (Commissioned).” These projects are part of the “Research and Development of 2nm-Generation Semiconductor Integration Technology and Short Turnaround Time (TAT) Manufacturing Technology Based on Japan–U.S. Collaboration” and “Development of Chiplet, Package Design and Manufacturing Technology for 2nm-Generation Semiconductors.”

The Japanese government has committed  to spend $16.3 billion on the company for the FY 2026 ending in March 2027.

• Rapidus projects that it will need more than $44.4 billion by fiscal year 2031, with about $19 billion expected to come from the private sector in financing backed by government guarantees

To support its evolution from the R&D stage to full-scale 2nm logic semiconductor manufacturing by 2027, Rapidus will continue to raise capital and financing from a mix of public and private sources.

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