DeepX to bag $90 million funding for AI chip production
South Korean semiconductor chip start-up DeepX is on the verge of securing $90 million in funding. This will be used to boost production and support global expansion in artificial intelligence. The Pangyo-based firm has already raised $44.5 million from Skylake Equity Partners and $22.3 million from existing investor Timefolio Asset Management, as reported by CNBC. Additionally, DeepX is in final talks with another investor to obtain an extra $22.3 million by next month.
Collaborations with Hyundai, Kia, Robotics Lab
DeepX is teaming up with companies like Hyundai, Kia Motors, Robotics Lab and Posco DX to advance mass production of its specialized AI semiconductors. These cutting-edge chips are anticipated to be vital in various sectors, such as robotics and self-driving vehicles. As the need for AI-powered solutions increases, DeepX's collaborations with major industry players will aid in solidifying its market presence.
Expansion plans for the global market
The funding round will not only enable DeepX to speed up production but also finance its worldwide expansion plans. With extra capital, the company aims to become a significant player in the global AI chip industry. As AI technology continues to evolve, the demand for specialized semiconductors will only grow, making it an ideal time for DeepX to broaden its reach and explore new markets.
