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Cerebras Systems’ IPO is further delayed
Cerebras Systems' public listing remains delayed as its national security review continues to drag on. Cerebras filed its S-1 in September.
AI chipmaking company Cerebras Systems’ IPO is delayed again as the public listing’s national security review drags on. The White House has yet to fill multiple vacancies, including the assistant Treasury secretary for investment security — the position that oversees the Committee on Foreign Investment in the United States — which means the department that oversees these types of reviews is incomplete, Reuters reports. The chipmaker’s IPO originally triggered a national security review due to a $335 million investment the company received from Abu Dhabi-based G42, an AI holding company, with previous ties to Chinese tech giant Huawei.
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