Japan's Ministry of Economy, Trade and Industry announced that the government and 32 private companies have collectively invested over 260 billion yen into Rapidus, a company focused on mass-producing advanced semiconductors. The investment aims to support Rapidus's technology development and customer acquisition efforts.

The Japanese government is set to acquire 10% voting rights in the Rapidus semiconductor company, along with veto power, according to Nikkei Asia.

The Japanese government will limit its voting rights to just over 10% in its investment in Rapidus, a company aiming for mass production of advanced semiconductors, to ensure the company can make swift management decisions.