Nvidia is reportedly exploring an acquisition of Aramco-backed AI chipmaker Rebellions.

Nvidia is in discussions to potentially acquire South Korean AI chipmaker Rebellions, according to Bloomberg. A completed transaction would position the Saudi-backed startup at the center of Nvidia’s expansion into specialized AI infrastructure, just as the company prepares for an initial public offering.

Rebellions designs chips tailored for data centers, with a specific emphasis on AI inference and reasoning workloads. The firm is backed by Aramco’s Waed Ventures, which committed USD 15 million in July 2024 to support Rebellions’ expansion into Saudi Arabia.

As Rebellions scales its operations, it has drawn significant interest from major technology firms. In 2025, the company raised USD 250 million in a Series C round at a USD 1.4 billion valuation, with participation from Samsung, SK Hynix, and ARM. Following a subsequent USD 400 million funding round in March, Rebellions’ total funding surpassed USD 850 million and its valuation climbed to USD 2.3 billion.

The company currently serves clients across Saudi Arabia, South Korea, Japan, and the United States, granting it direct access to several of the world’s most critical markets for AI and data center infrastructure. With an IPO now underway, investors and stakeholders have multiple potential pathways as the business continues to expand.

A potential Nvidia acquisition would underscore the strategic premium placed on specialized AI chipmakers amid surging demand for computing infrastructure. It would also intensify scrutiny on Rebellions’ Saudi ties. Waed Ventures’ investment grants Aramco exposure to a pivotal layer of the AI technology stack, while Rebellions’ operational footprint in the Kingdom creates a commercial bridge between its Korean engineering base and Saudi Arabia’s expanding AI ambitions. For Nvidia, integrating specialized chip capabilities would strengthen its competitive positioning across the full spectrum of AI computing, particularly as market demand shifts from model training toward inference and reasoning.

The central question remains whether these discussions will culminate in a definitive acquisition and how such a move might impact Rebellions’ planned public listing. Beyond the immediate transaction, Rebellions’ rapid growth signals a broader shift within Saudi Arabia’s technology ecosystem: strategic capital is increasingly linking the Kingdom to the firms engineering the infrastructure that will power the next generation of artificial intelligence.

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