REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsSept 14 (Reuters) - The South Korean chip startup Panmnesia has raised a seed round that values it at $81.4 million, the company has said. Chip design software makers Synopsys (SNPS.O) and Cadence Design Systems (CDNS.O) have expressed interest in the company's technology, Jung said. The company raised $12.5 million led by Daekyo Investment. Other investors included SL Investment, Smilegate Investment, GNTech Venture Capital, Time Works Investment, Yuanta Investment and Quantum Ventures Korea. The South Korean government aims to spur the domestic AI chip industry and plans to spend $800 million over the next five years in an attempt to increase the share of Korean AI chips in domestic data centers to 80% in 2030 from essentially zero.

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Persons: Dado Ruvic, Myoungsoo Jung, Jung, Max A, Gerry Doyle Organizations: REUTERS, Reuters, Cadence Design Systems, Cadence, Daekyo Investment, SL Investment, Smilegate Investment, GNTech Venture, Time Works Investment, Yuanta, Quantum Ventures, South, Thomson Locations: Quantum Ventures Korea, Korean, San Francisco