Sources say Japan-backed chip startup Rapidus is unlikely to meet its commitment
to begin large-scale production of advanced chips by March 2028. The firm, which
has received billions of dollars in public funding, has not yet produced a
functioning SRAM cell — a prerequisite for planned 2nm production — a step that
was expected to be completed this summer. Engineers are under heavy pressure to
accelerate; missing the milestone suggests the project is several months behind
schedule.
