Meta Platforms, the parent company of Facebook, is pushing to acquire the domestic artificial intelligence (AI) semiconductor startup Furiosa AI, and related stocks like DSC Investment have surged for two consecutive trading days.
As of 9:31 a.m. on the 13th, DSC Investment shares are trading at 4,700 won, up 26.01% compared to the previous trading day. During trading, DSC Investment shares briefly rose to the price limit, trading at 4,845 won, which is a 52-week high.
Earlier, it was reported that Meta is seriously considering acquiring Furiosa AI. Global big tech corporations like Meta are currently using Nvidia's expensive graphics processing units (GPU), making it essential to develop their own chips to reduce dependence on these. The company is considering acquiring domestic AI semiconductor startups like Furiosa AI to find alternatives to Nvidia's chips.
DSC Investment is a venture capital company that has invested in Furiosa AI since its early stages. Thus, it appears that expectations for benefits are being reflected. DSC Investment also finished the previous day (the 12th) at 3,730 won, up 29.97%.