As national security comments on the public list drag on, the IPO of AI chip manufacturing company Cerebras Systems has been postponed again.
Brain originally proposed an intention to the IPO in September 2024 Thinking the incoming Trump administration will help it become a breeze According to Reuters, it passed its national security review. This is not the case.
According to Reuters, the White House has not filled several vacancies, including the Assistant Finance Secretary for Investment Security – the position of the Foreign Investment Commission – which means that the departments that monitor these types of reviews are incomplete.
The company, which received $335 million in investment from the Abu Dhabi-based G42, was linked to Chinese tech giant Huawei, which initially sparked a national security scrutiny.
TechCrunch approaches Cerebras for comment and will update this story if we hear echoes.
