The merger of Sapeon and Rebellions represents a strategic move by South Korean firms to challenge the dominance of global AI chip leaders such as Nvidia. Sapeon's shareholders include major players like South Korea's largest telecom company, SK Telecom, and the world's second-largest memory chipmaker, SK Hynix. Read more: EU Competition Chief Flags Nvidia AI Chip Supply Issue, Regulatory Response Unclear In a related development, Rebellions secured a $15 million investment from Wa'ed Ventures, the venture capital arm of Saudi Aramco, in July. Per Reuters, this funding has boosted Rebellions' total investment to over $225 million, further positioning it for competitive growth in the AI chip market. According to PYMNTS, "the rise of AI-specific chips is poised to revolutionize commerce across sectors.