# Japan allocates another ¥150 billion to Rapidus

_Friday, August 21, 2026 at 5:01 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)

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Retrieved: 2026-08-21T11:08:58.204Z
Publisher: Tech & Business (techandbusiness.org)