Rapidus to build chip factory in Chitose, northern Japan -media (updated)

SumCo

21/02/2023 14:53

(Adds Rapidus comment, background)
       TOKYO, Feb 21 (Reuters) - Japan's state-backed chip
venture Rapidus plans to build its first factory in Chitose city
on Japan's northernmost major island of Hokkaido and is likely
to make an announcement as early as next week, TV Tokyo reported
on Tuesday.
    Chitose, a city of approximately 100,000 people in
southwestern Hokkaido, already hosts manufacturing facilities of
silicon wafer maker SUMCO Corp  3436.T , among others. 
    A Rapidus spokesperson said nothing has been decided yet on
the location.
    Rapidus told Reuters earlier this month that it would need
about 7 trillion yen ($52 billion) of mostly taxpayer money to
begin mass-producing advanced logic chips in around 2027.  
 urn:newsml:reuters.com:*:nL4N34I0KT     
($1 = 134.8100 yen)
 (Reporting by Kaneko Kaori, Mayu Sakoda and Kiyoshi Takenaka;
Editing by Alex Richardson and Tomasz Janowski)
 ((kaori.kaneko@thomsonreuters.com;))