Press Release

Rakuten applauds the signing of the CHIPS and Science Act into law

August 11, 2022

Statement from Rakuten Group CEO and Rakuten Symphony Chairman Mickey Mikitani:

"On behalf of Rakuten Symphony, I applaud this week's signing of the CHIPS and Science Act into law. This legislation is an important and necessary step for realizing a secure and reliable supply chain that supports the future of telecoms. The Act will provide funding that is critical to the manufacturing of silicon, including research and development for Open RAN technologies. President Biden and former Prime Minister Suga of Japan pledged in 2021 to work jointly on the development of 5G technology, and this year pledged to promote open telecommunications standards for the rollout of 5G with Prime Minister Kishida.

The funding included in the CHIPS and Science Act further solidifies President Biden’s commitment to leading the way in 5G. I commend President Biden and Secretary Raimondo, as well as Sens. Schumer and Young, for their leadership on this important bipartisan legislation."

How can Symphony help?
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Notice for more information.