SKM

Funding and Growth Plans: South Korean AI chip startup Rebellions has raised funds from Samsung and is targeting a total of $200 million in its current funding round, aiming for an initial public offering after this round closes. The company, which merged with Sapeon last year, is positioned to compete with Nvidia in the AI inferencing market.

Product Development and Manufacturing: Rebellions is working with Samsung to launch its second-generation chip, Rebel, later this year, utilizing advanced manufacturing processes. The funding will support product development, and successful adoption could significantly benefit Samsung's foundry business.

IonQ's Expansion in South Korea: IonQ has been appointed as the primary quantum technology provider for South Korea’s National Quantum Computing Center of Excellence, supported by a government award. The company will deliver a 100-qubit system and develop a hybrid quantum-classical cloud platform, enhancing its presence in Asia.

Analyst Sentiment and Stock Performance: IONQ stock has risen over 70% in the last three months, with analysts maintaining a Moderate Buy consensus despite a cautious outlook on short-term earnings. The average 12-month price target is $42.67, indicating a slight downside potential.