Reported 7 months ago
South Korean AI chip developers Rebellions Inc and Sapeon Korea Inc are planning to merge in an effort to compete with global AI chip leader Nvidia and secure a prominent position in the global AI semiconductor market within the next few years. The merged entity aims to excel in neural processing units (NPUs), with Rebellions managing the consolidated company. The merger is expected to be finalized in the third quarter of this year, with the new company launching by the end of the year.
Source: YAHOO