Cerebras Systems, an AI chipmaking company, has again postponed its IPO as a national security review extends. Initially filed in September 2024, the company anticipated a smoother process under the Trump administration, but significant vacancies in key Treasury positions have stalled proceedings. The security review was triggered by Cerebras' $335 million investment from G42, an Abu Dhabi firm with connections to Huawei, raising concerns about foreign influence and security risks in the U.S. semiconductor industry.
Cerebras Systems' anticipated IPO has been delayed due to an ongoing national security review, originally initiated after a significant investment from Abu Dhabi's G42, which has connections to Huawei.
Company executives had expected the Trump administration would expedite the IPO process; however, key vacancies in the White House have led to an incomplete review process.
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