02:23 PM EDT, 06/10/2025 (MT Newswires) -- Honda Motor ( HMC ) is planning to purchase a stake in Japanese chipmaker Rapidus by March 2026, Nikkei Asia reported Tuesday.

The proposed investment, which could be "in the several billions of yen," will help Honda ( HMC ) to procure semiconductors for autonomous driving cars domestically, the report said.

Rapidus' existing shareholders including Toyota Motor ( TM ) , Sony Group ( SONY ) and NTT have invested a total of 7.3 billion Japanese yen ($50.3 million) in the company, according to the report.

Honda ( HMC ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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