"Japan government to provide 1.8 trillion won additional support to semiconductor company Lapidus"

Local media reported that the Japanese government has decided to provide about 200 billion yen and 1.8 trillion won in Korean money to semiconductor company Lapidus after April next year.According to the

Nihon Keizai Shimbun and others, the plan presented by Japan's Ministry of Economy, Trade and Industry to the ruling party lawmaker included such a plan.

The Japanese government has already agreed to provide 920 billion yen and about 8.2 trillion won to Lapidus, but it will reportedly need about 4 trillion yen and 36 trillion won more to realize the state-of-the-art semiconductor mass production plan in 2027.

Kyodo News described the government's additional support as "intended to strengthen its involvement and oversight of management and promote private investment."

The Japanese government is also pushing to submit a bill to the regular session of the National Assembly next year that will enable debt guarantees and investments in Rafidus through related agencies.

At the same time, it is also considering a spot investment to exchange shares in the company with a government-funded semiconductor production plant in Lapidus.

Rapidus is a semiconductor company established in 2022 by Toyota, eight major Japanese companies, including Kioxia, Sony and NTT.

The company is building a plant in Chitose, Hokkaido, but it is unclear whether its plan to mass-produce semiconductors in 2027 will materialize due to insufficient financial resources and related technologies.