# Japan's three megabanks plan to provide loans totaling up to around ¥2 trillion in stages from fiscal 2027 to Rapidus.

*semiconductor · news · 2025-12-12 · The Japan Times *

## Key points

- Japan's three megabanks plan up to ¥2 trillion in loans to Rapidus starting fiscal 2027.
- This will be the first private-sector loan injection into chipmaker Rapidus.
- The Information-Technology Promotion Agency is expected to guarantee these megabank loans.
- Government support for Rapidus now reaches ¥1.7 trillion, with an extra ¥1 trillion planned.
- Fujitsu and other companies are considering new investments in Rapidus beyond current stakeholders.

Japan's three megabanks plan to provide loans totaling up to around ¥2 trillion in stages from fiscal 2027 to Rapidus, which aims to mass produce cutting-edge chips, sources said Thursday. This would mark the first private-sector loan to the Japanese chipmaker, with the injection of such funds expected to boost the firm's planned mass production, which requires a large amount of money. MUFG Bank, Sumitomo Mitsui Banking and Mizuho Bank will hold discussions with Tokyo-based Rapidus and the Japanese government on details of the planned loans. The three banks submitted a letter of intent outlining the loans' terms. The government-affiliated Information-Technology Promotion Agency, or IPA, is expected to guarantee the loans. MUFG Bank has invested ¥300 million in Rapidus. In addition to this, the bank and the two industry peers, as well as the Development Bank of Japan, a government lender, are considering a fresh investment of up to ¥25 billion in total. The government has decided to provide about ¥1.7 trillion to the chipmaker, which aims to begin mass production in fiscal 2027. Last month, it decided to invest ¥100 billion in the company through the IPA. The government plans to spend an additional ¥1 trillion on Rapidus, including investment, in fiscal 2026 and fiscal 2027, while aiming to secure over ¥2 trillion in private-sector loans through debt guarantees. It also hopes to attract a total of ¥1 trillion in investments from the private sector. MUFG Bank, Toyota Motor, SoftBank, Sony Group, NEC, NTT, Denso and Kioxia have invested a total of ¥7.3 billion in Rapidus. Besides MUFG Bank, the Japanese firms plan to make additional investments in Rapidus. Companies including Fujitsu are considering newly investing in the chipmaker.

**Companies:** Toyota Motor, SoftBank, Sony Group, MUFG Bank, Mizuho Bank, Sumitomo Mitsui Banking, Denso, NEC, Kioxia, Fujitsu
**Countries:** Japan

[Read the full story on The Japan Times ](https://www.japantimes.co.jp/business/2025/12/12/companies/megabanks-rapidus-loans/)

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