South Korea to invest $166 million in AI chip startup Rebellions

Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration created on February 19, 2024. REUTERS/Dado Ruvic/Illustration

SEOUL, March 26 (Reuters) - ⁠South Korea's industry ministry on Tuesday said ⁠the Financial Services Commission's advisory board approved a ‌250 billion won ($166 million) investment in a local artificial intelligence chip startup called Rebellions, part of a government-backed push to ​nurture a homegrown advanced semiconductor firm.

Here ⁠are some details:

(Reporting by Heekyong Yang and Cynthia Kim; Editing by Thomas Derpinghaus)