Samsung-backed AI chip firm Rebellions targets IPO in South Korea next year, CEO tells CNBC

Rebellions, a South Korean artificial intelligence chip startup backed by Samsung, is planning an initial public offering in South Korea next year, according to CEO Sunghyun Park in an interview with CNBC. The company is leaning toward a listing on the KOSPI, the main board of the Korea Exchange, rather than the tech-heavy KOSDAQ. Rebellions develops AI inference accelerators, competing with global players like Nvidia in the rapidly growing AI chip market. The IPO timing aligns with a broader push by South Korean tech firms to capitalize on the AI boom and government support for the semiconductor industry. Park did not disclose the target valuation or the amount to be raised, but the move signals growing investor appetite for AI hardware startups outside the US.

Global Impact

The IPO represents a milestone for South Korea's AI semiconductor industry, potentially attracting foreign investment and boosting the country's tech profile. Economically, it could strengthen the domestic chip ecosystem, reducing reliance on US and Chinese players.