The Japanese government will become the largest shareholder of the chip manufacturer Rapidus.

The Japanese government is increasing its control over the country's emerging semiconductor industry, and has announced a financing structure under which the Japanese government may hold over 50% of the shares in Rapidus. Rapidus is Japan's bet in the field of advanced chip manufacturing. Japanese Economy and Industry Minister Ryo Akazawa stated on Friday that the government has invested 100 billion yen in this chip manufacturer. The government has a 11.5% voting right, but if Rapidus encounters any financial or operational problems, the government can choose to increase its stake to over 50%. This initial investment will be deployed immediately, with an additional 150 billion yen allocated in the upcoming budget, bringing the government's total equity investment commitment in Rapidus to 250 billion yen in the fiscal year 2026. Industry analysts say this move signifies Japan shifting towards a more proactive industrial policy as it strives to revive its position in the global chip competition.