South Korean AI chip makers merge to challenge global giants
Backed by SK Telecom and SK Hynix, Sapeon Korea merges with Rebellions to compete globally.
Two leading South Korean AI chip makers, Rebellions Inc and Sapeon Korea Inc, have agreed to merge, aiming to compete with global giants like Nvidia. The merger, confirmed after negotiations began in June, represents a significant move in the competitive AI chip market.
Sapeon Korea is backed by major firms in South Korea, including SK Telecom and SK Hynix, adding considerable strength to the merger. Rebellions, on the other hand, recently secured a $15 million investment from Saudi Aramco’s venture capital arm, Wa’ed Ventures, raising its total funding to over $225 million.
The merger is seen as a strategic effort to bolster South Korea’s position in the global AI chip industry. Both companies are privately held and are positioning themselves to challenge dominant international players through this union.
The combined entity is expected to leverage its enhanced resources and technology to innovate and compete more effectively. With strong backing and significant funding, the merger could reshape the landscape of the AI chip market in the region.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.