Fabless AI chip makers Rebellions and Sapeon to merge as competition heats up in global AI hardware industry

Quick Summary:

South Korea’s fabless AI chip industry saw a slew of fundraising events over the last couple of years as demand for hardware to power AI applications skyrocketed, and it seems the space is already consolidating.

At WWDC 2024, Apple introduced new options for developers to promote their apps and earn more from them in the App Store.iOS 18 will be available in the fall as a free software update.

Last November, the company launched a 7-nanometer AI chip, X330 NPU, for autonomous vehicles, and earlier this year, it said it would develop an on-device AI chip targeting the edge computing market.

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Article Details

Author / Journalist: Kate Park

Category: StartupsBusiness

Markets: United StatesJordanSouth KoreaMexico

Topics: Mergers and Acquisitions Rebellions AI chip AI Startups Sapeon

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-12 @ 09:15:52 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1186 words

Reading Time: 7 minutes read

Sentences: 48 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21236354

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