AI Semiconductor Company 'DeepX' Secures 110 Billion KRW Investment

Multiple Private Equity Fund Investment Participation

AI semiconductor company DeepX announced on the 10th that it has completed raising new investments worth 110 billion KRW, mainly through private equity funds.

[Image provided by DeepX]

This investment round included participation from private equity funds such as Timefolio Asset Management, an existing shareholder, as well as Skylake Equity Partners, BNW Investment, and Aju IB.

Skylake led this investment and became the second largest shareholder of DeepX. The company was founded by Jin Dae-je, former Minister of Information and Communication, who is known as the "Mr. Semiconductor."

DeepX explained, "In this investment round, private equity funds invested a large amount as new investors, recognizing the company's technological capabilities and growth potential as an AI semiconductor fabless (design) company."

With this investment, DeepX will advance into the global market. It plans to mass-produce the first generation AI semiconductor this year. It will also accelerate the development and launch of next-generation products for on-device large language models (LLM).

Kim Nok-won, CEO of DeepX, said, "I will regard this investment as a mandate to achieve the long-cherished goal of AI semiconductor core technology as a global strategic asset and the birth of Korea's first global fabless company," adding, "We will boldly challenge the global market."