Japanese gov't under fire for funding native chipmaker Rapidus with $6.2 billion in COVID relief money
Government funding of semiconductor projectsalways causes debates as microelectronics fabs require tens of billions in upfront investments anddo not promise profitabilityafter they come online. Rapidus — which needs some $32 billion for its first 2nm-capable fab — is not an exception as opposition lawmakers to the current government debate over funding source and accountability due to the country allocating money from its COVID funds to the chipmaker, reportsNikkei. In November, the government announced a seven-year plan worth at least $63....