Japanese Chipmaker Rapidus Plans to Open US Sales Office

Japanese chip foundry venture Rapidus has announced its plans to open a sales office in the United States by the end of the financial year.

Credit: REUTERS

Led by experienced chip executives, Rapidus aims to manufacture cutting-edge chips through partnerships with IBM and Belgium-based research organisation Imec.

The company is targeting a market dominated by major players such as Taiwan's TSMC and South Korea's Samsung Electronics. Rapidus recently began construction on its plant in Japan's Chitose city and is among the chipmakers receiving government subsidies to expand their capacity.

The move comes as countries worldwide seek to strengthen their control over chip supply chains in the wake of global shocks like the COVID-19 pandemic and trade tensions between the US and China. The CEO of Imec expressed optimism about Rapidus' prospects, acknowledging the challenges the venture faces but remaining positive about its potential.

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• Japanese chipmaker Rapidus plans to open a sales office in the US.

• The company aims to manufacture cutting-edge chips through partnerships with IBM and Imec.

• Rapidus is targeting a market dominated by TSMC and Samsung Electronics.

Source: REUTERS