# Rebellions and SAPEON Korea sign definitive merger agreement

South Korean AI chip startup Rebellions and SAPEON Korea, an SK Telecom subsidiary, have signed a definitive merger agreement. The merged entity will be named Rebellions, with SAPEON Korea as the surviving entity, and is expected to launch within 2024.

- Type: Acquisition
- Announced: 2024-08-18
- 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)
- [SK Square](https://endata.com/companies/60200.md) (investor)
- [Rebellions](https://endata.com/companies/77993.md) (target)
- [SAPEON Korea](https://endata.com/companies/79242.md) (acquirer)

## Sources

- [rebellions.ai](https://rebellions.ai/newsroom/rebellions-and-sapeon-korea-sign-definitive-merger-agreement/), 2024-08-18: "Rebellions Inc., a South Korean AI chip startup and SAPEON Korea, an artificial intelligence (AI) semiconductor company established by SK Telecom announced today that they have signed a definitive merger agreement."
- [news.sktelecom.com](https://news.sktelecom.com/en/1539), 2024-08-18: "SAPEON Korea, an artificial intelligence (AI) semiconductor company established by SK Telecom, and Rebellions Inc., a South Korean AI chip startup, announced today that they have signed a definitive merger agreement."

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