South Korean artificial intelligence chipmakers Rebellions and Sapeon Korea have signed a definitive merger agreement.
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The companies announced merger talks in June but the talks have now entered the final stages, company sources told Reuters. Sapeon’s shareholders are a division of South Korea’s largest telecoms company SK Telecom and the world’s second-largest memory chipmaker SK Hynix.
Rebellions recently received a $15 million investment from Wa’ed Ventures, the venture capital arm of Saudi Aramco. In total, the company received more than $225 million from the corporation.
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
