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AI Chip Startup DeepX Eyes IPO Domestically
14 Apr
Summary
- DeepX is preparing for a domestic stock market listing.
- The AI chip firm collaborates with Hyundai Motor and Baidu.
- The company aims to select IPO managers after its current funding round.
South Korean AI chip innovator DeepX is gearing up for a significant financial milestone by preparing for a domestic initial public offering (IPO). The company, which specializes in on-device AI chips, has established strategic partnerships with global industry leaders including Hyundai Motor and Baidu.
DeepX plans to appoint financial institutions to manage its upcoming IPO process. This selection is slated to occur after the successful conclusion of its current funding round, which is anticipated to wrap up within the first half of the current year.
Furthermore, the firm has expressed a willingness to explore the possibility of listing its shares on a U.S. stock exchange at a later stage, following its initial domestic offering. This strategic approach signals ambitious growth plans for the AI chip startup.
