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SEOUL (Reuters) – South Oriental artificial-intelligence chip manufacturers Rebellions Inc and Sapeon Korea Inc have actually authorized a conclusive merging contract, the independently held business stated on Sunday.
They revealed merging arrangements in June. The offer is the most recent effort by South Oriental business to test worldwide AI chip leaders such as Nvidia.
Sapeon’s investors consist of South Korea’s biggest telecommunications business SK Telecommunications and the globe’s second-largest memory chipmaker SK Hynix.
Rebellions obtained a $15 million financial investment from Wa’ed Ventures, a financial backing arm of Saudi Aramco, in July. Disobediences stated this brought its overall financing to greater than $225 million.
( Coverage by Joyce Lee; Modifying by Cynthia Osterman)
