Rapidus Corporation has completed another funding round totaling ¥267.6 billion. Accordingly, the latest round of funding means the Japanese chip company is steadily progressing towards mass producing 2nm chips by 2027 from the current R&D state.

Of the latest investments received, Rapidus received ¥100 billion from the Information-Technology Promotion Agency (IPA), an independent administrative agency under Japan’s Ministry of Economy, Trade, and Industry (METI).

Moreover, Rapidus also secured private sector funding totaling ¥167.6 billion from 32 companies, which include Canon, Development Bank of Japan Inc., Fujitsu, NTT, SoftBank, and Sony Group.

The latest capital increases, combined with ¥7.3 billion raised during Rapidus’ founding in 2022, brings the total amount of stated capital and legal capital surplus to ¥274.95 billion.

Revitalizing Japan’s Chip Industry

Rapidus was founded in 2022 as part of Japan’s effort to revitalize Japan’s semiconductor industry. Specifically, it aims to achieve 2nm chip production by 2027 in collaboration with IBM.

Based on historical announcements the company made, Rapidus has already received over ¥1 trillion yen in funding, both from the Japanese government and private companies.

Among the significant funding announced in recent years include the ¥70 billion initial government subsidy through METI and NEDO in November 2022; te ¥260 billion R&D expansion in 2023; the mass production grant of ¥590 billion in April 2024 and the most recent ¥100 billion from IPA.

01 March 2026