AI chipmaking company Cerebras Systems’ IPO is delayed again as the public listing’s national security review drags on.
Cerebras, which originally filed its intent to IPO in September 2024, thought the incoming Trump administration would help it breeze through its national security review, according to Reuters. That hasn’t been the case.
The White House has yet to fill multiple vacancies, including the assistant Treasury secretary for investment security — the position that oversees the Committee of 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.
TechCrunch reached out to Cerebras for comment and will update this story if we hear back.
