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AI Chip Boom Propels Chairman Of Korean Circuit Board Maker Into The Billionaire Ranks

admin5543 months ago05 mins

A circuit board. Sergio Flores/Bloomberg Surging demand for computer chips and related components amid the AI boom has boosted shares of ISU Petasys, a little-known manufacturer of printed circuit boards in South Korea, by 215% so far this year. The stock rise has made the company’s chairman, Kim Sang-beom, South Korea’s newest billionaire. Kim, 64,…

Arm Joins $250 Million Funding Round Of Korean AI Chip Startup Rebellions

admin5544 months ago04 mins

Rebellions cofounder and CEO Sunghyun Park. Jae-hyun Kim for Forbes Asia Rebellions, a South Korean semiconductor startup, raised $250 million at a valuation of $1.4 billion to help build its latest AI chip offering, called the Rebel-Quad. Arm, the chip designer backed by Japanese billionaire Masayoshi Son’s SoftBank, invested in Rebellions for the first time….