Japan’s government-backed Rapidus Corp. is lobbying chipmakers, their suppliers and research institutions to set up shop on the island of Hokkaido in a bid to make the remote region a center of semiconductor innovation within a decade.
The 13-month-old startup’s goal to make cutting-edge chips from scratch is part of a broader design to build a Silicon Valley-like ecosystem. Rapidus envisions a chipmaking cluster spanning coast to coast, with easy access to multiple ports, according to Chief Executive Officer Atsuyoshi Koike.
Koike is inviting manufacturers throughout the supply chain to invest in Japan’s northernmost prefecture of Hokkaido, where Rapidus is building a factory in preparation for pilot line operations in 2025. Companies need to work together more effectively toward a common goal, the chip veteran said. Working separately “is not the right way,” he said.
Japan has allocated $2.4 billion for the venture, with officials saying they’re prepared to provide a comparable budget every year. Kishida has pledged “utmost support” to Rapidus to keep the venture on track.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eldercare Startup Papa Loses Contracts With Major Health InsurersHumana, Aetna, Molina decline to renew relationships after a Bloomberg Businessweek investigation revealed allegations of abuse.
Read more »
Charlie Radtke Apologizes for Using Homophobic Slur in Post-Fight Interview at UFC 293Charlie Radtke was a relative unknown heading into UFC 293, but that likely changed following his post-fight interview.
Read more »
Federal government issues new rules for public servants using AIThe federal government has introduced new guidelines for employees who want to use artificial intelligence tools like ChatGPT on the job to ensure the technology is being used responsibly, says Treasury Board President Anita Anand.
Read more »
LETTER: Using green space for housing a recipe for disaster'If we don’t start looking after our planet, how are our grandchildren going to survive?'
Read more »
Students are using AI in their university applications. This admissions director says that's OKThe executive director of undergraduate admission at the Georgia Institute of Technology says artificial intelligence can be a useful tool for students — as long as they take the right approach.
Read more »
Woman Gets Revenge On Teen For Using Her Yard As A Shortcut, Pretends It Wasn’t Planned At AllNobody likes folks who cut corners. Even if it's a literal corner through someone's front yard. Petty revenge might await you next time.
Read more »