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SKT representative Yoo Young-sang (left) and Rebellion representative Park Sung-hyun

After the Yoon Seok-yeol government announced a subsidy of 1.4 trillion won to the AI ​​semiconductor field, a merger and acquisition case of an AI chip company worth 1 trillion won was born.

Titanium Media App reported on August 19th,SK Telecom (SKT)'s AI chip subsidiary Sapeon Korea and Korean AI chip startup Rebellions opvv.cn jointly announced on the 18th that they have officially signed a merger agreement to complete the merger and acquisition transaction.

According to the statement, the merger is expected to form a new entity with a value of more than 1 trillion won (about 740 million U.S. dollars, about 5.337 billion yuan), becoming a unicorn company representing South Korea's AI chip industry and named "Rebellion".llou.cn 。Rebellion co-founder and CEO Sunghyun Park will serve as the new company's CEO, responsible for the management of the merged company, while SK Telecom will support the new company's expansion plans as a strategic investor.