TOKYO (Reuters) – Japanese microchip maker Rapidus estimates that it needs about 2 trillion yen ($14.71 billion) for technological development, for which it will seek mid to long-term assistance from the government, the chair of the company told the Kyodo news agency.
The company also requires an additional 3 trillion yen to fund mass production and is considering listing to raise capital for that purpose, Rapidus chair Tetsuro Higashi said in the interview published on Wednesday.
($1 = 135.9500 yen)
(Reporting by Satoshi Sugiyama; Editing by David Goodman)
