FuriosaAI, a South Korean startup specializing in AI chips, has turned down an $800 million acquisition offer from Meta, opting instead to continue developing its AI chip technology, according to reports from local media.
The breakdown in negotiations was reportedly due to differences in business strategy and organizational structure post-acquisition, rather than concerns over the offered price.
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Meta, which has been actively working to reduce its dependence on Nvidia for chips used in training large language models (LLMs), had shown interest in FuriosaAI’s specialized chips. The tech giant unveiled its custom AI chips last year and committed up to $65 billion for AI investments in 2025. However, FuriosaAI’s plans remain focused on refining and producing its AI chips, Warboy and Renegade (RNGD), which aim to challenge industry leaders like Nvidia and AMD.
Despite rejecting the acquisition, FuriosaAI is reportedly in discussions with investors to raise around $48 million (KRW 70 billion), with plans to finalize the funding this month. The startup has successfully tested its RNGD chips in collaboration with LG AI Research and Aramco, with LG reportedly planning to incorporate these chips into its AI infrastructure. FuriosaAI is on track to launch the RNGD chips later this year.
Founded in 2017 by June Paik, a former Samsung Electronics and AMD executive, FuriosaAI is positioning itself as a key player in the rapidly evolving AI chip market.
