South Korean AI Chipmakers Rebellions and Sapeon Announce Merger

The merger aims to strengthen their position in the global AI hardware market and challenge Nvidia's dominance.

Rebellions and Sapeon plan to complete the merger by Q3 2024 and launch an integrated business by year-end.
The combined entity will focus on developing neural processing units (NPUs) for AI applications.
SK Telecom and SK hynix, key stakeholders, believe the merger will boost South Korea's AI chip industry.
Rebellions will lead the management of the merged company, with all employees from both firms joining the new entity.
The merger comes at a critical time as global demand for AI hardware surges and competition intensifies.