The CEO of Rebellions, an AI chip company invested by Samsung, revealed that it plans to go public in South Korea next year
The company’s CEO revealed that Rebellions prefers to be listed on the Korean main board KOSPI compared to the GEM KOSDAQ; Currently, a large number of start-ups are vying for market share of AI inference chips, and Rebellions is one of them. The CEO of Rebellions exclusively revealed that taking advantage of global capital’s enthusiastic pursuit of the AI chip track, the company plans to complete an initial public offering in South Korea in the first or second quarter of next year. Park Sung-hyun, CEO of Rebellions, said that companies prefer to list on KOSPI, the main stock market of Korea, compared to KOSDAQ, the Korean GEM. "We have now generated stable real revenue, so we are working with underwriters," he said in an interview on Wednesday. Preparing for listing with Samsung Securities. " He added: "Our investors are more optimistic about the Korean market, especially the KOSPI main board. We are deeply involved in the Korean government's large-scale national projects, which is also one of the world's leading AI infrastructure investment plans, and the development of both parties is highly compatible." Park Sung-hyun said that the company is also evaluating other options such as listing in the United States, and is currently working with the New York Stock Exchange, The exchange negotiates simultaneously. It has been previously reported that Rebellions is preparing to go public, and this interview is the first time the company has disclosed details of its listing plan. The inference chip track is about to explode The investors behind Rebellions include Samsung, SK Hynix and the Korean government’s key industry funds. It is one of the many start-ups vying for the AI inference chip track. Inference refers to the process of implementing large AI models. As major companies compete to develop high-end intelligent AI agents, the strategic value of inference chips continues to rise. NVIDIA GPUs have long been the industry benchmark for large model training, but now the industry is increasingly pursuing dedicated inference chips that have the advantages of high-speed computing and low power consumption. Rebellions’ second-generation product, Rebel-Quad, consists of four self-developed Rebel AI chips. This local Korean chip company is determined to compete with giants such as Nvidia in the field of AI chips. It mainly produces computing servers equipped with the self-developed Rebel100 neural network processor (NPU). The capital market continues to be optimistic about semiconductor companies. Chips are the core hardware base for the development of the artificial intelligence industry. At this time, Rebellions' promotion of listing coincides with the industry trend. The Philadelphia Semiconductor Index, which covers many chip companies, is up about 80% for the year. Other peers have also jumped on the capital boom: earlier this year, inference chip startup Cerebras Systems completed a U.S. IPO. At the same time, SK Hynix, the world's leading memory chip manufacturer, will issue shares on Nasdaq in the United States this week to take on the market's enthusiasm for investment in memory chips; the company was originally listed in South Korea.