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

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)