South Korean AI chip startups Rebellions and Sapeon merge, backed by SK Telecom, SK Hynix, and KT Corp, aiming for a leading AI chip company and public listing in 2-3 years.

South Korean AI chip startups Rebellions and Sapeon are merging, backed by major companies SK Telecom, SK Hynix, and KT Corp, aiming to create a leading AI chip company and capitalize on booming AI demand. The combined entity, set to target a potential public listing in 2-3 years, will strengthen NPU business and further South Korea's presence in the global AI market. The merger comes at a crucial time as demand for AI hardware soars.