Japan government plans to invest $1.3 billion in chipmaker Rapidus in FY2025, Nikkei says

FILE PHOTO: The logo of Rapidus Corp. is displayed at the company headquarters in Tokyo, Japan February 2, 2023. REUTERS/Issei Kato/File Photo

bsTOKYO (Reuters) - The Japanese government plans to invest 200 billion yen ($1.28 billion) in semiconductor startup Rapidus in the year starting April 2025 to help it meet its target of starting commercial production in 2027, the Nikkei business daily said on Wednesday.

($1 = 155.7900 yen)

(Reporting by Kiyoshi Takenaka; Editing by Andrew heavens)