SK Telecom’s AI chip incipiency, Sapeon KoreaInc., and its contender, Rebellions Inc., have decided to combine their businesses to contend encyclopedically and take advantage of the growing demand for AI services. The two companies aim to produce a leading AI chip company in South Korea.
They blazoned on Wednesday that they will begin detailed evaluations to finalize the junction terms by the third quarter of this time. insurrections, backed by KTCorp., is valued at 880 billion won($ 640 million), while Sapeon is valued at 500 billion won. Sapeon is substantially possessed by SK Telecom, SK HynixInc., and SK SquareCo. insurrections is planning to hire original fiscal counsels to prepare for an original public immolation( IPO) in the alternate half of 2025. The junction advertisement won’t affect their IPO plans, although the timing might change, according to Chief Financial Officer Shin Sungkyue.
