South Korea's AI chip companies Rebellions and Sapeon Korea to merge [Yahoo! Finance]
SK Telecom Co., Ltd. (SKM)
US:NYSE Investor Relations:
sktelecom.com/en/investor/lib/announce.do
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Source: Yahoo! Finance
The financial terms of the transaction were not disclosed. Sapeon Korea was spun-off from SK Telecom's internal research and development division in 2016. It introduced the country's first AI chip for data centres in 2020 and has since expanded into autonomous driving and edge services. The company's latest offering, the 'X330' AI semiconductor, was unveiled in November 2023. Rebellions, a fabless AI semiconductor startup founded in 2020 by CEO Park Sung-hyun and CTO Oh Jin-wook, has made headlines with its 'ATOM' semiconductor. This product, which began mass production this year, is designed to accelerate large language models (LLMs) in data centres. Rebellions is also developing 'REBEL', a next-generation AI chip targeting the LLM market. The merger comes at a time when the neural processing unit (NPU) market is expanding rapidly, with intense global competition to lead the AI industry. SK Telecom has described the next two to three years as a 'golden time' for Kore
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SKM
Sec Filings
- 9/10/24 - Form 6-K
- 8/6/24 - Form 6-K
- 7/30/24 - Form 6-K
- SKM's page on the SEC website