IBM Throws Weight Behind Japan Chip Startup It Sees as Vital

(Bloomberg) -- International Business Machines Corp. is prioritizing helping Japan’s chipmaking startup Rapidus Corp., with a senior executive describing the budding foundry business as vital to securing long-term global supply.Most Read from BloombergFrench Riots Begin to Abate Even as Economic Costs MountIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnTesla Tops Expectations as Price Cuts Lift Deliveries to RecordUnited May Cut Newark Flights as It Seeks More Gates to Stem Delay

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