Japan seeks $2.6B for Rapidus after pledging $21B to US fabs
A planned 400 billion yen state equity injection for the Chitose 2nm venture faces resistance from fiscal authorities as Tokyo funds GlobalFoundries lines in New York.
RMBy Ryo Matsuda, Japan correspondent, companies and markets··Updated October 21, 2026·3 min read
ShareLinkedInXWhatsAppEmailA technician in protective cleanroom attire monitors machinery inside an advanced semiconductor fabrication facility. (AI-generated image)
Economy Minister Ryosei Akazawa defended on Oct. 20 a 400 billion yen ($2.6 billion) state capital request for domestic chipmaker Rapidus, exposing Tokyo's funding tension after committing $21 billion to overseas fabrication lines.
The domestic request seeks 150 billion yen in fiscal 2027, 150 billion yen in 2028 and 100 billion yen in 2029. The funds represent direct equity, adding to 250 billion yen in state capital already committed.
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Japan correspondent, companies and markets — Ryo Matsuda covers Japanese corporate results, capital allocation and M&A, working from filings and earnings material rather than guidance calls.
