South Korean AI chip makers Rebellions and Sapeon agree to merge, challenging global leaders.

From Investing.com: 2024-08-17 20:20:32

South Korean AI chip makers Rebellions Inc and Sapeon Korea Inc have agreed to merge, with negotiations ongoing since June. The merger aims to challenge global leaders like Nvidia. Sapeon’s shareholders include SK Telecom and SK Hynix, while Rebellions received a $15 million investment from Wa’ed Ventures. Total funding now exceeds $225 million.



Read more at Investing.com: South Korean AI chip makers Rebellions and Sapeon agree to merge By Reuters