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Rapidus tops $1B in private investment as IBM aims to join, Nikkei reports

Private sector investment in Japanese chipmaker Rapidus is expected to exceed $1.02B for fiscal 2025, surpassing the planned amount for the year, as IBM (IBM) appears set to join Japanese companies like SoftBank (SFTBY) and Sony (SONY) in backing the manufacturer, Nikkei Asia reports.

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