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A look at military tech startup Shield AI, recently valued at $5.6B, and its new CEO Gary Steele, who aims to grow annual revenue from $300M to $1B by 2028 (Jessica Mathews/Fortune)

Jessica Mathews / Fortune : A look at military tech startup Shield AI, recently valued at $5.6B, and its new CEO Gary Steele, who aims to...

2 April 2024

Japan approves up to $3.9B in subsidies to chip venture Rapidus, as the company tries to close the gap with TSMC in cutting-edge fabrication technology (Yuki Hagiwara/Bloomberg)

Yuki Hagiwara / Bloomberg:
Japan approves up to $3.9B in subsidies to chip venture Rapidus, as the company tries to close the gap with TSMC in cutting-edge fabrication technology  —  Japan approved up to ¥590 billion ($3.9 billion) in subsidies to chip venture Rapidus Corp., committing more money to its ambition to catch up in semiconductor manufacturing.

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