Under the latest arrangement, the government could hold up to 60 per cent of voting rights in Rapidus if the company runs into financial trouble.
In normal circumstances, however, it plans to cap its voting rights at 11.5 per cent, the minimum level held by the largest shareholder, so as not to interfere in the company’s management decisions.
The government is also looking at supplying Rapidus with state-owned assets at the company’s production site in return for equity in the firm.
Rapidus has already received about 2.4 trillion yen in government research and development support.
Officials are also considering a further 300 billion yen in assistance for fiscal 2027.
[Copyright The Jiji Press, Ltd.]
