South Korean chip startup FuriosaAI has rejected an $800 million acquisition provide from US tech large Meta, Bloomberg reported Monday.
Instead of promoting, the corporate has chosen to increase as an unbiased business.
Meta has been in talks to amass Seoul-based FuriosaAI since early this yr, based on the report.
The US firm has proven curiosity in a choose variety of Asian companies, together with FuriosaAI. Led by June Paik, a former engineer at Advanced Micro Devices Inc. and Samsung Electronics Co., FuriosaAI develops semiconductors for synthetic intelligence (AI) inferencing and associated providers.
Meta is making vital investments in AI infrastructure to compete with main gamers like OpenAI and Google, in addition to rising companies corresponding to China-based DeepSeek.
In mid-January, Meta CEO Mark Zuckerberg introduced plans to take a position as much as $65 billion this yr, together with funding for a big knowledge heart and AI expertise recruitment. Every week later, he instructed traders that the corporate may ultimately pour tons of of billions of {dollars} into AI infrastructure.
FuriosaAI, which has round 150 workers — together with 15 at its Silicon Valley workplace — is at the moment supplying pattern chips to shoppers corresponding to Saudi Aramco and LG AI Research, the AI division of South Korea’s LG Group.
Source: www.anews.com.tr