Sources: Tencent is in early talks to acquire Nexon, the South Korean gaming giant behind Dungeon & Fighter Mobile; Tencent pursued a Nexon acquisition in 2019
Shenzhen-based Tencent has reached out to the family of Nexon's late founder Kim Jung-ju to discuss the possibility of an acquisition …
Source: South Korean AI inference chip startup FuriosaAI rejected Meta's $800M takeover offer, opting to grow the business as an independent company instead
Korean chip startup FuriosaAI has turned down an $800 million takeover offer from Meta Platforms Inc., choosing instead to grow …
Alibaba agrees to merge its South Korean operations with E-Mart's Gmarket, creating a 50-50 joint venture; sources say the new company could be valued at ~$4B
- Companies announce JV deal in Korea, confirming earlier report — Alibaba seeks inroads abroad as growth slows in China
South Korean AI chip maker Rebellions completes its merger with Sapeon Korea, SK Telecom's AI chip subsidiary; Rebellions values the merged entity at ~$929M
Jie Ye-eun / The Korea Herald :
South Korean AI chip makers Rebellions and Sapeon agree to merge; Rebellions has raised $225M+, and Sapeon's shareholders include SK Telecom and SK Hynix
Joyce Lee / Reuters :
South Korean AI chip makers Rebellions and Sapeon agree to merge; Rebellions has raised $225M+ and Sapeon's shareholders include SK Telecom and SK Hynix
South Korean artificial-intelligence chip makers Rebellions Inc and Sapeon Korea Inc have signed a definitive merger agreement, the privately held companies said on Sunday.
SK Telecom says South Korean AI chip developers Rebellions and Sapeon Korea are pursuing a merger, in a bid to boost chip share in the next two to three years
Joyce Lee / Reuters :
Sources: SK Hynix plans to spend ~$4B to build an advanced chip packaging facility in West Lafayette, Indiana; a source says operations could begin in 2028
The South Korean memory chip maker is expected to build an advanced-packaging facility in West Lafayette, creating up to 1,000 jobs.
South Korean internet giant Naver plans to acquire Poshmark for $17.90/share, representing an enterprise value of ~$1.2B; Poshmark's stock jumps 10%+
Kathryn Hardison / Wall Street Journal :
South Korean chipmakers, historically reluctant to takes sides in the US-China rivalry, are tilting toward the US due to their dependence on Western IP and tech
Last December, South Korean semiconductor company Magnachip reluctantly announced the demise of its proposed $1.4bn merger …