The recently established Rapidus Corp. said it would research, develop, design, manufacture and sell 2-nanometer generation chips in Japan that are vital to economic security and the country's industrial competitiveness. Rapidus is the Latin form of "rapid," a name chosen to represent the company's intention to speed up the chip production process. "Semiconductors will be the most important technology base as society is transitioning to digital," Tetsuro Higashi, chairman of the board of directors of Rapidus, said at a press conference.