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National Growth Fund to invest 250 billion won in NPU fabless Rebellion

South Korea\'s Ministry of Science and ICT and the Financial Services Commission said on March 26 they approved a 250 billion won direct investment from the Advanced Strategic Industries Fund into AI semiconductor fabless company Rebellion. The deal is the fourth first-phase mega-project under the \'K-Nvidia fostering\' initiative and the first to use direct equity investment. The capital will be provided via redeemable convertible preferred shares.