SK Telecom's Sapeon to merge with Rebellions for AI chip push

SK Telecom is seeking to merge its fabless unit Sapeon with Korea-based chip designer Rebellions to create a new entity focused on AI chips. The merger is expected to be finalized within Q3 2024, with a new entity established by end of 2024.

“The merger push is the result of an agreement between the two sides to create a 'homegrown company' to lead the global AI race.”koreaherald.com

• 1 source
• koreaherald.comSK’s Sapeon, Rebellions to merge for AI chip push - The Korea HeraldJie Ye-eunJun 12, 2024

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