12/13/2022, 6:53 AM (Source: TeleTrader)
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Chart for: International Business Machines Corp

IBM partners with Japan's Rapidus to build advanced chips

International Business Machines Corp. (IBM) announced it partnered with a Japanese government-backed Rapidus Inc. to develop advanced semiconductor technology.

IBM said the chip manufacturer will work alongside IBM at the Albany NanoTech Complex in New York on further developing "breakthrough 2 nanometer (nm) node technology."

"This is a long-desired international collaboration, truly essential for Japan to once again play a vital role in the semiconductor supply chain," said Rapidus CEO Atsuyoshi Koike, as Dario Gil SVP and Director of Research at IBM called the collaboration "critical" for ensuring "geographically balanced global supply chain of advanced semiconductors."

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