The news that global big tech corporations Meta's acquisition of FuriosaAI has collapsed caused DSC Investment to plummet. FuriosaAI is a domestic artificial intelligence (AI) semiconductor design company, and DSC Investment is the company that made an early investment in it.
As of 2:56 p.m. on the 24th, DSC Investment is trading at 4,420 won, down 14.67% from the previous day.
This stock price movement follows a report by a media outlet that FuriosaAI has communicated its refusal to sell to Meta. Earlier, Meta decided to acquire a semiconductor company with technological capabilities instead of developing its own AI chips, and initiated negotiations with FuriosaAI earlier this year.
The breakdown of the sale is reportedly due to disagreements regarding the business direction and organizational structure between FuriosaAI and Meta. Meta offered a purchase price of $800 million (about 1.2 trillion won), which exceeds the current market value that FuriosaAI is receiving by 400 billion won.
FuriosaAI's partner company, 4BY4, fell 11.10% from the previous day, and T.S. Investment, an early investor along with DSC Investment, also declined by 7.09%.
Meanwhile, FuriosaAI is currently testing the performance of its chip, "Renegade." Renegade is a second-generation AI semiconductor specialized for AI inference tasks. FuriosaAI plans to begin full-scale production from the second half of the year to establish its revenue base.