By Echo Wang
NEW YORK, Dec 19 (Reuters) – Artificial intelligence chip maker Cerebras Systems is preparing to file for an initial public offering in the United States next week, aiming for a listing in the second quarter of 2026, people familiar with the matter said.
The company, which develops high-performance processors for artificial intelligence workloads, withdrew its previous IPO filing in October, days after announcing it had raised more than $1 billion in a fundraising round that valued the AI ​​chip maker at $8 billion.
Cerebras declined to comment.
The company first filed paperwork with the U.S. Securities and Exchange Commission in 2024, before postponing and ultimately withdrawing its initial public offering earlier this year. Reuters previously reported that the earlier delay followed a US national security review into United Arab Emirates-based technology conglomerate G42’s minority investment in the AI ​​chip maker.
G42, which had been both an investor and one of Cerebras’ largest clients, attracted increased scrutiny from US authorities amid concerns that Middle Eastern companies could provide China with access to advanced US artificial intelligence technology, Reuters previously reported.
The company announced earlier this year that it obtained clearance from the Committee on Foreign Investment in the United States (CFIUS).
In the new filing, G42 ‌is no longer listed among Cerebras investors, one of the people said. Reuters could not learn the reason. The Abu Dhabi-based technology group had previously been a minority investor and business partner.
Reuters previously reported that G42’s involvement was a sticking point in the CFIUS review, contributing to delays in the company’s previous IPO filing.
G42 did not immediately respond to requests for comment.
Cerebras, based in Sunnyvale, California, is known for its wafer-scale engines, chips designed to accelerate training and inference for large AI models, which compete with offerings from Nvidia and other AI chip makers.
IPO activity in the United States has continued into 2025 despite market volatility in April caused by President Donald Trump’s sweeping tariffs and the longest government shutdown. Traditional listings have raised $46.15 billion so far this year, excluding blank check companies, the highest figure since 2021, with transaction volume up more than 21% from the previous year, Dealogic data shows.
Bankers expect momentum to strengthen next year, with high-profile companies like Elon Musk’s SpaceX weighing potential IPOs.
(Reporting by Echo Wang in New York. Editing by Dawn Kopecki and Nick Zieminski)