Sources: Japanese chip startup Rapidus seeks to raise ~$696M from existing and new investors by issuing new shares to finance its chip development efforts (Taro Fuse/Bloomberg)

Taro Fuse / Bloomberg:
Sources: Japanese chip startup Rapidus seeks to raise ~$696M from existing and new investors by issuing new shares to finance its chip development efforts  —  - Government-funded startup is approaching Mizuho, SMBC and DBJ  — Rapidus part of Japan's campaign to regain leadership in chips