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News, Society & Economy

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News, Society & Economy

Rapidus: Why Japan's 60%-Owned Chipmaker Isn't a State Enterprise — and Whether 2nm Is Really Working

A fresh 150-billion-yen government injection pushes the state's share of Rapidus's capital to roughly 60%. Yet Tokyo capped its voting rights at 11.5%, keeping the firm out of state-enterprise territory by design. We unpack subsidies versus equity, the fate of the 2nm skeptics, and the question of who will actually buy the chips.