Sapeon and Rebellions, both South Korean AI technology firms, are proposing a merger to enhance their capabilities in AI silicon development and compete on a global scale.
SK hynix, a major chipmaker, plans to assist the merged entity in developing AI silicon, potentially including manufacturing, which would be a significant move as the company traditionally focuses on memory and NAND storage.
Sapeon, backed by SK hynix and SK Telecom, and Rebellions, known for a deal with Samsung, aim to complete the merger in Q3 with a target to launch an integrated business by the end of 2024 to capitalize on the growing AI market.
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