South Korean AI chip makers Rebellions and Sapeon agree to merge
SEOUL - South Korean artificial-intelligence chip makers Rebellions Inc and Sapeon Korea Inc have signed a definitive merger agreement, the privately held companies said on Sunday.
They announced merger negotiations in June. The deal is the latest attempt by South Korean companies to challenge global AI chip leaders such as Nvidia (NASDAQ: Sapeon's shareholders include South Korea's largest telecom company SK Telecom and the world's second-largest memory chipmaker SK Hynix.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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