Rebellions completes merger with Sapeon to form Korea's first AI chip unicorn

Rebellions

Rebellions officially merged with Sapeon Korea on December 2, completing integration of SK Telecom's chip subsidiary. The combined company operates under the Rebellions name with Park Sung-hyun as CEO, valuing the merged entity at 1.3 trillion won (USD 928 million).

• Merger completed six months after announcement, forming Korea's first AI chip unicorn.
• Sapeon was SK Telecom's AI chip subsidiary; Rebellions management leads the merged entity.
• Combined strength aims to compete with NVIDIA's 90% market dominance in AI chips.