Japanese Toyota, Sony and other giant companies set up a joint venture high-end chip company "Rapidus"

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, Nov. 10, according to the Japan Broadcasting Association (NHK), eight Japanese companies, including Toyota, Sony, NTT, NEC, Softbank Corp. and KIOXIA, have established a joint venture high-end chip company, named Rapidus.

Rapidus comes from Latin, meaning "fast". Rapidus mainly aims to mass-produce advanced semiconductors below 2 nanometers that have not yet been used in practice worldwide.

According to reports, the new company will carry out artificial intelligence, intelligent city construction and other related high-end chip development, and plans to achieve mass production in 2027.

CTOnews.com learned that each company will invest about 1 billion yen ($6.8 million) in the new company, while the Japanese government will also support the project through subsidies, and the new company will further attract investment and cooperation from other companies.