Woofun AI reports that the Japanese government will allocate 150 billion yen (approximately $944 million) to support semiconductor startup Rapidus. The Ministry of Economy, Trade and Industry intends to secure this additional funding within the fiscal year 2027 budget to enhance competitiveness against industry leaders like TSMC. Established in 2022, the state-backed joint venture targets the production of advanced 2-nanometer chips by 2027. Policymakers view Rapidus' technological independence as vital for national security, particularly in supporting critical infrastructure for artificial intelligence, robotics, and quantum computing.