AI chipmaker DeepX hires Morgan Stanley to raise funds ahead of IPO
South Korean AI chip designer DeepX has appointed Morgan Stanley to lead a capital raise as it prepares for a potential IPO in 2027. Specializing in low-power chips optimized for AI at the edge, DeepX aims to scale operations and compete in a sector currently dominated by U.S. players like Nvidia. The firm, which launched in 2018, has developed four chipsets and licenses its proprietary AI core.
The move highlights growing investor interest in global AI hardware startups, signaling intensified competition in the semiconductor space.
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