The initial public offering (IPO) of Cerebras Systems, a leading AI chipmaking company, has been delayed once again due to an ongoing national security review.

Cerebras initially filed its intention to go public in September 2024 and had anticipated a smoother review process under the incoming Trump administration, as reported by Reuters. However, this has not been the case.

According to Reuters, the delay is attributed to the White House’s failure to fill key vacancies, including the position of assistant Treasury secretary for investment security, which oversees the Committee on Foreign Investment in the United States. This has resulted in an incomplete department responsible for conducting such reviews.

The national security review was initially triggered by a $335 million investment in Cerebras from G42, an Abu Dhabi-based AI holding company with previous connections to Chinese tech giant Huawei, prompting concerns about potential security risks.

When approached for comment, Cerebras declined to provide a statement.