# 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.

- Type: Acquisition
- Announced: 2024-06-12
- Where: South Korea
- Status: announced
- Products: AI chips, neural processing units
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [SK Hynix](https://endata.com/companies/2769.md) (investor)
- [SK Telecom](https://endata.com/companies/34127.md) (investor)
- [KT](https://endata.com/companies/38114.md) (investor)
- [SK Square](https://endata.com/companies/60200.md) (investor)
- [SAPEON Inc.](https://endata.com/companies/60201.md) (target)
- [Rebellions](https://endata.com/companies/77993.md) (acquirer)

## Sources

- [koreaherald.com](https://www.koreaherald.com/article/3414389), 2024-06-12: "The merger push is the result of an agreement between the two sides to create a 'homegrown company' to lead the global AI race."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.