# Japan allocates another ¥150 billion to Rapidus

_Published Friday, August 21, 2026 at 6:06 AM EDT · Capital · Latest · Tier 2 — Notable_

Japan's government is allocating an additional ¥150 billion ($944 million) to chip startup Rapidus, according to Bloomberg. The funding adds to Japan's effort to develop a domestic chip supplier able to compete with established manufacturers including Taiwan Semiconductor Manufacturing Co. Bloomberg characterizes the effort as a long-shot bid.

## Sources

- [Bloomberg Technology](https://www.bloomberg.com/news/articles/2026-08-21/japan-earmarks-another-944-million-for-rapidus-in-ai-chip-race)

---
Canonical: https://techandbusiness.org/newswire/LGa9uH6M7MmoC8NWGYkYUH
Published: 2026-08-21T10:06:46.337Z
Story chronology: 2026-08-21T09:01:30.000Z
Retrieved: 2026-10-05T13:56:56.511Z
Publisher: Tech & Business (techandbusiness.org)