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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.
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.