AI Chip Startup FuriosaAI Rejects Meta’s $800 Million Offer (2)

Korean chip startup FuriosaAI has turned down an $800 million takeover offer from Meta Platforms Inc., choosing instead to grow the business as an independent company, a person with knowledge of the matter said.

Meta had been in discussions about acquiring Seoul-based FuriosaAI since the start of this year, said the person, who asked not to be identified as the matter is private. Representatives for FuriosaAI and Meta declined to comment.

FuriosaAI is one of only a handful of Asian startups that have attracted Meta. Led by June Paik, who previously worked at Samsung Electronics Co. and Advanced Micro ...